Positive outlook: ACRA confirms RED SOFT's credit rating

Analytical Credit Rating Agency (ACRA) affirmed its "BB" rating for RED SOFT and changed the outlook from "stable" to "positive".

ACRA is one of the leaders in the rating industry, providing the Russian investment market with high-quality rating products in accordance 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 RSPA "Domestic Software" Assn. and RUSSOFT. The company implements integrated projects in the field of data storage and management based on its own technology stack. It is an efficient team with more than 15 years of development experience in the Russian public sector. RED SOFT has its own product line: RED OS, Red Database DBMS, Red Platform, RED Virtualization, REDSLUZ, and others. The products are listed in the Unified Register of Russian Software and Databases. Among the customers there are the state corporations and more than 20 government agencies, including the Federal Bailiff Service of Russia, the Prosecutor General's Office of Russia, the Ministry of Defense of Russia. Projects are being actively implemented in the regions.

According to the agency, the confirmation of the credit rating of RED SOFT was based on the fact that the company maintained the credit metrics established for this rating level.

ACRA also positively evaluated the gradual growth of the company's client base and the measures taken by the company to improve its corporate governance. As a result, the forecast was changed by the agency from "stable" to "positive".

"RED SOFT is currently an actively developing business. ACRA's positive outlook signals to the market that our efforts to grow the company are appreciated by professionals and bring results. We keep on working to improve our indicators!", Maxim Anisimov, RED SOFT CEO, says.

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