The Analytical Credit Rating Agency (ACRA) has affirmed the credit rating of PJSC “Magnit (MCX: MGNT)” of its bonds at “AA (RU)” with a “stable” outlook, the agency said in a press release.
“The credit rating of PJSC” Magnit “is due to a very strong operating profile, very large size of the company, high profitability and very strong liquidity. in the press release.
Currently, there are 8 issues of the company's exchange-traded bonds in circulation, totaling RUB 90 billion.
Magnit is the second largest retailer in Russia in terms of revenue and the first in terms of the number of stores.