Expert RA Raises Detsky Mir’s Credit Rating to ruAA- with a Stable Outlook
Moscow, Russia, 25 March 2021 – PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY), the largest children’s goods retailer in Russia and Kazakhstan, announces that the rating agency Expert RA has revised the Company’s credit rating according to an updated methodology, improving it by one notch to ruАА– with a stable outlook. Previously, Detsky Mir’s credit rating stood at ruA+ with a stable outlook.
In its report, Expert RA outlines the key factors contributing to the credit rating, which include the Company’s leading position in the children’s retail market, the successful development of an omnichannel business model, sound profitability and a competitive pricing policy translating into robust sales growth rates. PJSC Detsky Mir has a low level of foreign currency exposure, coupled with an adequate amount of confirmed undrawn credit lines, as well as access to the capital debt market. Detsky Mir plans to refinance short-term liabilities, while keeping a low level of leverage.
Additional information is available at: https://raexpert.ru/
For additional information:
Julia Polikarpova
Head of Public Relations
Tel.: +7 495 781 08 08, ext. 2041
upolikarpova@detmir.ru
Sergey Levitskiy
Head of Investor Relations
Tel.: + 7 495 781 08 08, ext. 2315
slevitskiy@detmir.ru