RAEX (Expert RA) revised the credit rating of TMHS-Leasing (part of LocoTech Group) due to changes in methodology and assigned ruVV + rating (matches (A) (III) rating as per scale previously used). The stable outlook is given for the rating. Previously the company was rated at A, the third sublevel with a stable outlook.
The main factors that continue to positively affect the level of ratings are high probability of support on the part of the company's owners, high level of profitability (for the period from 01.04.2016 to 01.04.2017 the return on assets amounted to 5.4% as per RAS) and low dependence on short-term funding (as of 01.04.2017 the current debt load ration amounts to 22%).
In addition, analysts noted the good quality of the leasing portfolio (as of 01.04.2017 arrears are absent) and the existence of reliable partners on insurance of leasing objects (all the leasing objects are insured by companies with reliability rating not lower than + ru A from RAEX (Expert RA)).
TMHS-Leasing LLC is a specialized company providing the rolling stock, locomotive repair equipment for lease. It holds the 39th place on the scope of leasing portfolio in the ranking of the largest leasing companies in Russia according to RAEX (Expert RA) as calculated in 2016.
TMHS-Leasing has been assigned the credit rating July 29, 2016 for the first time.
