ACRA affirms AA (RU) credit rating of Magnit

ACRA affirms AA (RU) credit rating of Magnit

ACRA affirms AA (RU) credit rating of Magnit

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.

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