Analytical Credit Rating Agency (Joint-stock Company) (hereinafter - ACRA) assigned a BB credit rating, outlook "Stable", to the Russian software developer RED SOFT.
ACRA is one of the leaders in the rating industry, providing the Russian investment market with high-quality rating products in line with the latest regulatory requirements.
RED SOFT is a Russian developer and provider of IT solutions and services; a Skolkovo resident, a member of the "ARPP "Domestic Software" and RUSSOFT associations. The company implements integrated projects in the field of data storage and management using its own technology stack. It is an efficient team with more than 15 years experience in development in the Russian public and commercial sectors. "Red Soft has its own product line: "RED OS", "Red Database DBMS", "Red Platform", "Red Virtualization", "REDSLUZ". All products are listed in the Unified Register of Russian Software and Databases. Among the Red Soft clients there are large business institutions, as well as more than 20 government bodies, including the Federal Bailiff Service, the Prosecutor General's Office, of the Russian Federation and the Ministry of Defense of the Russian Federation. The company actively implements projects in Russian regions.
The credit rating represents ACRA's independent and objective opinion on RED SOFT's ability and readiness to meet its financial commitments fully and on time, including the bonds issued by RED SOFT that are traded on the Moscow Exchange.
The agency notes that the credit rating is contingent on a variety of factors, including the company's average debt leverage and its average liquidity and cash flow estimates. Despite the small size of the company, RED SOFT is highly profitable and operates over a wide geography.
RED SOFT is currently at the stage of business development. ACRA evaluates the company as appropriate for its scale of operations, which is a rather positive factor.
"Assignment of the credit rating is an important step on the way to further development of RED SOFT, as our activity on the public debt finance market remains one of our priorities. Obtaining a credit rating demonstrates our intention to build long-term trust-based relations with investors", Maxim Anisimov, RED SOFT CEO, says.