Expert RA maintains Eurotorg’s credit rating

Eurotorg LLC (“Eurotorg” or the “Company”), the largest grocery retailer in Belarus, announces that on 08 February 2024 international credit rating agency Expert RA (“RAEX”) has maintained its credit ratings on bonds issued by Retail Bel Finance LLC of ‘ruA-’ and the Company’s credit rating of ‘byAAA’ with a stable outlook.

The agency noted that the Company effectively manages its debt portfolio, has a convenient debt repayment schedule and a sufficient cash reserve. As a result, RAEX expected Eurotorg to fully cover its debt and capital expenditures in 2024.

The full agency announcement regarding the credit rating of the Retail Bel Finance’s bonds can be found here.

The full RAEX announcement on Company’s credit rating can be found here.