The rating agency "Expert RA" confirmed the creditworthiness of LLC "IEK HOLDING" (commercial designation - IEK GROUP) at the level ruА-, the rating outlook is stable.
The basis of the high assessment by the rating agency lies in IEK GROUP's strong market and competitive positions, high profitability, positive assessment of the liquidity block, and low debt burden. The assignment of the rating was also influenced by the high level of risk management organization, the presence of an independent director on the board of directors, and the company's informational openness to investors.
IEK GROUP solutions are in demand in the most important sectors of the Russian economy: construction, utilities, infrastructure, industry, energy, and telecommunications. The company steadily increases sales volume and continues to maintain high profitability, thanks to the development of its own production, cost optimization, and development of new products, emphasizes "Expert RA".
"Since 2021, the company has been receiving an investment rating from 'Expert RA', annually confirming the reliability of its financial instruments, notes Mikhail Gorbachev, Financial Director of IEK GROUP. —Over the last 2 years, we have successfully conducted two bond issues totaling 4 billion rubles. IEK GROUP securities enjoy high retail demand: for investors, it is a profitable investment with stable income and a contribution to the development of the electrical equipment industry. The level ruА- is the first step of the investment rating, allowing even the most conservative investors, such as NPFs, to invest in our company's securities. We are confident that the financial stability of IEK GROUP, trust from partners and investors will be a guarantee of further rating increase".
The press release of the rating agency "Expert RA" is published on the website raexpert.ru.