NCR has confirmed the AA.ru credit rating of Novabev Group, with a stable outlook

The NCR rating agency has affirmed PJSC NovaBev Group's credit rating at AA.ru, with a stable outlook.

The main factors that determined the credit rating of the Novabev Group were its strong and leading market position and wide range of products, its strong debt-servicing capacity coupled with moderately high liquidity and profitability, and its low shareholder risk and transparent financial reporting.

The NCR views the potential for further growth in Novabev Group’s operating markets positively, driven by the company’s significant product portfolio diversity and high product demand. The agency notes that Novabev Group’s focus on the premium spirits and wine segment — which offers higher margins and is therefore more resilient to economic crises — will contribute to the group’s revenue and profitability growth in the medium term, despite the overall decline in alcohol consumption in Russia.

The stress testing conducted by the agency in adverse market conditions exerted no significant influence on the group's baseline creditworthiness rating.