NCR Assigns AA.ru Credit Rating with Stable Outlook to Novabev Group

National Credit Ratings (NCR) has assigned PJSC Novabev Group an AA.ru credit rating with a stable outlook. The rating reflects the company’s strong market position, sound financial profile, and high standards of corporate governance.

The assessment reaffirms Novabev Group’s leadership in the Russian alcoholic beverage industry, supported by its diverse product portfolio and nationwide presence.

NCR emphasised the company’s financial resilience, highlighting its strong debt servicing capacity, low leverage, and high liquidity indicators.

The agency also pointed to Novabev’s considerable growth potential in core markets, underpinned by product diversity and consistently high consumer demand. “Novabev’s focus on the premium segment of spirits and wines — products offering higher margins and greater resistance to economic downturns — will support revenue and profitability growth over the medium term,” the agency noted.

Strong corporate governance and effective strategic planning also contributed positively to the rating. Novabev Group maintains a solid credit history and demonstrates a high level of payment discipline.

Stress testing conducted by the agency under adverse market conditions showed no material impact on Novabev Group’s baseline creditworthiness.

Novabev Group also holds an ruAA credit rating with a stable outlook from Expert RA agency.