Fitch rates VKM Leasing CCC

Fitch Ratings said it has assigned Russia's CJSC VKM Leasing an issuer default rating of CCC and a short-term rating of C.

The outlook is stable.

Fitch said the ratings reflect VKM Leasing's small size, limited track record, concentrated business, high leverage and potentially vulnerable liquidity profile.

Its ratings would benefit from a less leveraged balance sheet, a more prudent liquidity profile and a less concentrated lease portfolio.

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