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Expert RA upgrates X5's rating to ruAA+; outlook stable

November 19, 2019. TAG: Retail Trade

X5 Retail Group ("X5" or the "Company"), a leading Russian food retailer (LSE and MOEX ticker: "FIVE"), announces that Expert RA has upgraded the Company's long-term credit rating from ruAA to ruAA+ with a stable outlook.

Expert RA in its press release has outlined the key factors contributing to the upgrade, which include the Company's operating performance and balanced financial policy. In its analysis, Expert RA has also noted the high quality of corporate management and risk management at X5.

X5 Retail Group

X5 Retail Group is the leading multi-format food retailer in Russia. X5 shares are listed on the London Stock Echange (LSE) and Moscow Exchange in the form of Global Depositary Receipts under the ticker "FIVE". The Company operates several retail formats, including the chain of conveniently located proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand.