O`KEY Group S.A. (LSE, AIX, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s leading food retailers, announces that Expert RA (the ‘Agency’) has affirmed a credit rating of ‘ruA-’ for O`KEY LLC, the main operating subsidiary of O`KEY Group S.A. The outlook of the rating remains Stable.
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The rating reflects the Group's stable financial and market position, the high-quality liquidity metrics and high standards of corporate governance.
The Agency acknowledged the Group's sustainable market position among top-10 food retailers in Russia, and noted the Company’s diversified geographical footprint and well-balanced store portfolio combining O’KEY hypermarkets, fast-growing DA! discounters, and a developed online platform.
The Agency appreciated high-quality indicators of the Company's liquidity, which is due, according to Expert RA, to the Group's diversified financing structure and low exposure to market risks related to a small volume of purchases denominated in foreign currency, as well as the absence of debt in foreign currency. These indicators also had a positive impact on the rating.
The Agency also mentioned, among other factors, the Company’s high quality of corporate governance, risk management, strategic support and transparency.
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For further information please contact:
Natalya Belyavskaya
Head of Investor Relations
+7 495 663 6677 ext. 266
natalya.belyavskaya@okmarket.ru
www.okeygroup.lu