RAEX (Expert RA) rating agency confirmed ruAA Credit Rating
On December 27, RAEX (Expert RA) rating agency confirmed the credit rating of PJSC Mostotrest at ruAA / ‘stable’ outlook.
The key factors that have had a positive impact on the rating include, among others, a stable backlog of government orders, as well as high social significance of ongoing projects; a strong competitive position of the Company and significant diversification across construction business segments, low leverage and diversified debt structure.
In addition, a high level of information transparency, corporate governance and insurance coverage has had a positive impact on the rating.
PJSC Mostotrest is Russia’s largest diversified company in the field of infrastructure construction, present in all key and related market segments, and is a participant in the first-ever public-private partnership projects in Russia. According to the independent industry consultancy EMBS Group, Mostotrest had a 14.6% market share in transport infrastructure construction in Russia in 2016.
The Mostotrest Group core business segments are construction and reconstruction of bridges (including road, railway and city bridges), highways and other transport infrastructure, as well as road maintenance, repair and operation services. In 2012, the Group further diversified into the road concessions management segment.
The company was founded in 1930 for the construction of extra-large and special grade bridges.
Currently, Mostotrest is involved in a number of complex transport infrastructure development projects, such as the construction of several sections of the M-11 Moscow – Saint Petersburg Highway, construction and reconstruction of sections of the M-4 «Don» Highway and construction of the Kerch Strait Bridge.
For more information please visit www.mostotrest.ru