RAEX revised Eurotorg's credit rating in line with an updated methodology

Eurotorg LLC (“Eurotorg” or the “Company”), the largest grocery retailer in Belarus, announces that on February 26, 2021 а leading Russian rating agency Expert RA (“RAEX”) revised the Company’s credit rating in line with an updated methodology and rated at byAAA with a stable outlook.

The agency maintained positive view on the Company's liquidity statement and expects that in 2021 the operational cash flow will fully cover debt expense and capital expenditures. The full Expert RA announcement can be found here.