Expert RA assigned VMP a “ruBB+” rating
The rating agency “Expert RA” has assigned VMP Research and Production Holding the "ruBB+” credit rating of non-financial companies, the rating outlook is “stable”, according to the agency’s press release.
The agency estimates that the paint-and-lacquer materials industry is extremely competitive. The press release notes that the company’s products are used in many economic sectors and special attention is paid to selling products in the oil and gas sector, transport and industrial construction, and energy. Thus, the sales of the VMP Holding do not depend on the macroeconomic situation in certain industries. Another Company’s strength is a diversified structure of suppliers.
Such advantages of VMP as low financial risks, creation of a new production complex and extremely high debt service indicators affect the positive assessment of the company and stable outlook of the agency.