Cordiant wins top credit rating

ERJ staff report (DS)

Moscow - Russian tyre maker Cordiant has won an A+ rating from Russian credit agency, Expert RA. The agency added that the outlook is stable, suggesting no expected change in the rating.

"The company has five plants, has 5 branches and a network of 150 distributors. The company's sales are made in all regions of Russia and in foreign markets. The products of the company is represented in all sectors from agriculture to heavy industry. Strong market positions had a positive impact on the rating of the company ", - said the head of corporate and investment ratings" Expert RA "Pavel Mitrofanov.

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