Fitch rates OPIN B, BBB+(rus)

Fitch Ratings said it assigned JSC OPIN a long-term issuer default, short-term issuer default and senior unsecured ratings of B, along with a national long-term rating of BBB+(rus).

The outlook is positive.

The outlook reflects an expectation that OPIN's credit profile will improve if the company successfully executes its planned expansion strategy, Fitch said. A one-notch upgrade could occur within the next 12 to 18 months, the agency said.

The ratings are supported by its good position in a buoyant Moscow real estate market, Fitch said.

The ratings are restricted by inherent risks in the Russian real estate market, the agency added.

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