Fitch rates O'Key Group B+

Fitch Ratings said it assigned foreign- and local-currency long-term issuer default ratings of B+ to O'Key Group SA, along with a national long-term rating of A-(rus).

The outlook is stable.

The ratings reflect the group's strong domestic position in the regional food retail market and in particular in the fast growing hypermarket segment in Russia, Fitch said.

The group enjoys strong profitability at the high-end of the leading food retailers, the agency said.

The ratings also consider the group's relative lower scale compared to its listed competitors and revenue concentration, Fitch said.

The group's positioning in the hypermarket segment captures the structural shift and consumers' aspiration in Russia, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.