Ratings > Banks and Financial Institutions > Microfinance Institutions > State Business Support Fund of Kaluga region (microfinance institution)
State Business Support Fund of Kaluga region (microfinance institution)

Website of the microfinance institution: gfpp-kaluga.ru/

The microfinance institution's lower operational sustainability (operating expenses and leverage growing faster than earnings) is also working against its rating. The State Business Support Fund of Kaluga region was registered in June 1995. Its sole founder is the Government of Kaluga region. The Fund which has been lending to SME businesses since the early 2000s was officially registered as a microfinance institution in 2011.



Ratings
Rating TypeNationalTierOutlookDate*
Microfinance InstitutionsB++3Stable26.06.2018

*Date of assignment or revision of the rating

Rating Actions

26.06.2018
30.01.2018
AK&M Rating Agency has withdrawn the microfinance institution rating of the State Business Support Fund of Kaluga region (microcredit company) (B++, sub-level 3, stable outlook) due to the rating contract expiration and the company's refusal to h
AK&M Rating Agency assigned a microfinance institution rating to the State Business Support Fund of Kaluga region (microcredit company) for the first time on February 11, 2014. All rating action announcements are published on the akmrating.ru website. The rating, along with any information and 23.01.2017
AK&M Rating Agency has affirmed the national scale microfinance institution rating assigned to State Business Support Fund of Kaluga (microfinance institution) at 'B++', sub-level 3, with a stable outlook.
The 'B++' rating indicates that the State Business Support Fund of Kaluga region qualifies as a microfinance institution with a satisfactory degree of solvency (reliability). The microfinance institution's rating is supported by high equity capital adequacy of the Fund, high lending eff18.02.2016
AK&M Rating Agency has affirmed the national scale credit of the State Business Support Fund of Kaluga region (microfinance institution) at 'B++' lowering the tier from 2 to 3. The outlook is stable.
The 'B++' rating indicates that the State Business Support Fund of Kaluga region qualifies as a sufficiently reliable microfinance institution. The risk of a delay in meeting obligations is moderate, the full or partial debt restructuring risk is insignificant. The rating assignment was base09.02.2015
CJSC AK&M Rating Agency affirmed the 'B++' tier 2 microfinance institution rating of State Business Support Fund of Kaluga region as per the national scale, with a stable outlook.
The 'B++' rating indicates that the State Business Support Fund of Kaluga region qualifies as a sufficiently reliable borrower. The risk of a delay in meeting obligations is moderate, the full or partial debt restructuring risk is insignificant. The microfinance institution's rating ref11.02.2014
CJSC AK&M Rating Agency assigned a 'B++' microfinance institution rating to the State Business Support Fund of Kaluga region as per the national scale, with a stable outlook.
The 'B++' rating indicates that the State Business Support Fund of Kaluga region qualifies as a sufficiently reliable borrower (the highest tier of the 'B' rating category). Risk of a delay in meeting liabilities is moderate, restructuring risk for a loan / part of a loan is insignif

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