PJSC LSR Group (LSRG)
PJSC LSR Group: Fitch Ratings upgrades LSR Group's rating to 'B+', outlook
stable
03-Oct-2019 / 08:45 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Fitch Ratings upgrades LSR Group's rating to 'B+', outlook stable
St. Petersburg, Russia - 3 October, 2019 - PJSC LSR Group ("LSR" or the
"Company") (LSE: LSRG; MOEX :LSRG), one of the leading real estate
developers and building materials producers in Russia, today announces that
Fitch Ratings has upgraded LSR's Long-Term Issuer Default Rating (IDR) to
'B+' from 'B'. The Outlook on the IDR has been revised to Stable from
Positive. Simultaneously, Fitch has upgraded the senior unsecured rating of
the outstanding bond issues to 'B+'/'RR4' from 'B'/'RR4'.
For more information please contact:
Investor Relations Media Relations
LSR Group Press Service
E-mail: press@lsrgroup.ru
Igor Tsoy
Director of Investor Relations
E-mail: IR@lsrgroup.ru
About LSR Group:
PJSC LSR Group is one of Russia's leading residential real estate developers
and building materials producers. Founded in 1993, the business of LSR Group
is concentrated in the three largest regions of Russia - Moscow, St.
Petersburg and Yekaterinburg. The main business areas of the Company are
real estate development and construction and production of building
materials. LSR Group carries out projects in all segments of residential
real estate market: mass market, business and elite.
In accordance with its audited IFRS consolidated financial statements for
2018, LSR Group had revenue of RUB146.4 billion, Adjusted EBITDA of RUB36.4
billion and Net Profit of RUB16.2 billion. As of 31 December 2018 (according
to Knight Frank), the net sellable area of projects in LSR Group's real
estate portfolio amounted to 7.8 million m2 with a market value of RUB186
billion.
Ordinary shares of the Company are traded on the Moscow Exchange (MOEX:
LSRG) and GDRs representing its ordinary shares are traded on the London
Stock Exchange (LSE: LSRG).
www.lsrgroup.ru [1]
ISIN: US50218G2066
Category Code: MSCH
TIDM: LSRG
LEI Code: 25340067LEEMJ79K8X43
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 22232
EQS News ID: 884881
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f69150ed01d3088b34284c75345c9309&application_id=884881&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 03, 2019 02:45 ET (06:45 GMT)
