The Analytical Credit Rating Agency (ACRA) has assigned an A+(RU) credit rating to Cherkizovo Group (MOEX: GCHE), outlook Stable. ACRA noted that the current rating was primarily due to Cherkizovo’s strong business profile and diversification above the industry average. In2019, the key contributors to the Group’s revenue were the Poultry and Meat Processing segments. The Company's Pork, Grain and Feed divisions have been thriving as well, “which gives it a very high degree of vertical integration and considerably decreases the impact of price fluctuations on the main elements of the cost price,” said ACRA in its announcement. The. Read more...
PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces that its credit rating was affirmed by Moody’s at B1 level, outlook “stable”. Moody’s affirmed company credit rating at B1 level, outlook “stable”. In the press release, the credit rating agency states that the decision to confirm Cherkizovo’s rating reflects Moody's opinion that the company's business profile and strong market position will allow it to withstand the deteriorating domestic macroeconomic environment and maintain stable financial performance and sufficient liquidity. Moody’s. Read more...
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