Roscosmos State Corporations Awarded highest possible Credit rating AAA

Analytical credit rating agency (ACRA) assigned Roskosmos State Corporation The maximum possible Credit rating AAA (RU), the forecast is “stable”, which corresponds to the sovereign level.

The rating from the Acre is designed for the national scale for the Russian Federation based on the methodology for analyzing the rating persons related to the state or group, as well as the basic concepts used by the Agency in their activities. The “stable” forecast suggests with the highest probability of the invariance of the rating on the horizon 12-18 months.

Roscosmos State Corporation credit rating is due to a very high assessment of its systemic importance for the state. Accra notes the exclusivity of functions implemented by Roscosmos enterprises under contracts with foreign customers and a monopoly position in the Russian market. All this, according to the agency, testifies to the key role of the state corporation on the markets strategically important for state.

“Roscosmos State Corporation” is an advanced high-tech subject of the Russian economy, which ensures a high contribution to the engineering industry and scientific and technical development. The credit rating assigned by the Agency at the maximum possible sovereign level confirms the recognition of the strategic importance of the rocket and space industry, the stable financial situation and the effectiveness of the management of the state corporation, “the first deputy general director of Roskosmos on the economy and finances of Maxim Ovchinnikov commented on the company.
/Media reports.