Expert RA

Expert RA has increased the rating to STS Leasing

July 30, 2008

The Expert RA rating agency has assigned the B+ rating (sufficient credibility) to STS Leasing. “Speedy growth of business contributed to the company’s assessment: volume of signed deals in 2007 went up by 13 times. Implementation of automated information system and good liquidity of leasing items and extended geography added up to the company’s pluses”, — said Roman Romanovsky, Expert RA, department of ratings of financial institutions.

STS Leasing risk factors, according to the agency, relate to highly concentrated business, significant dependence on the borrowed capital, lack of thorough strategy for the near future.

STS Leasing provides financial leasing at Volga federal district (90%), and Ural and Far East federal districts. The company is focused on leasing construction equipment of all sorts, including purely technological equipment for construction, as well as railway and motor car machinery. STS Leasing cooperates with 50 Russian and foreign suppliers.

In 2007 STS Leasing was the 52-nd (volume of new business) in the ranking of the largest RF leasing companies, after moving up by 48 lines. The company’s new business in 2007 reached 2.42 bln rubles, leasing portfolio – 1.95 bln rubles, amount of received leasing payments – 290 mln rubles.

Diagram 1. STS Leasing portfolio, %

Source: STS Leasing data