Website of the corporation: http://www.baltbereg.com/eng/docs/index
Baltic coast (part of the BALTIC COAST Group) was established on October 27, 2000 as a company specializing in the production and sales of fish and various kinds of fish products. The Company's core business activities currently include the breeding, processing and marketing of fish and fish products. Baltic coast's share in the domestic market of its products reaches 20% (about 25% in St. Petersburg and Leningrad region, approximately 10% in Moscow and almost 20% throughout Russia). The company's product range reaches 200 item names. As of October 1, 2013, the Company's assets totaled RUB 3.8 billion, annual sales revenue amounted to RUB 6.7 billion.
Rating Actions10.01.2017AK&M Rating Agency assigned a credit rating to Baltic Coast (CJSC) for the first time on May 27, 2011. The last rating action in relation to the Company was taken on December 18, 2015. All rating action announcements are published on the akmrating.ru website.
The rating, along with any informat18.12.2015The new rating downgrade follows the filing by Baltic Coast (CJSC) of a petition for bankruptcy to the commercial court of St. Petersburg city and Leningrad region on December 7, 2015. Besides, the company does not confirm its financial capacity to pay a total of RUB 89.8 million in another coupon o06.11.2015The rating downgrade reflects a substantial deterioration of the financial condition of PJSC Russian Salmon operating as part of the BALTIC COAST group of companies. In ruble terms, the debt burden on Russian Salmon actually soared twice, which, combined with deferred losses (resulting from a declin02.07.2015The 'A+' rating indicates that Baltic Coast qualifies as a highly creditworthy borrower. The risk of a failure to meet obligations in time is insignificant. The rating assignment is based on the Credit Rating Methodology for Corporates (Issuers) and Financial Assets.
Baltic Coast is operati25.07.2014
The 'A+' rating indicates that Baltic Coast qualifies as a highly creditworthy borrower. The risk of a failure to meet obligations in time is insignificant.
We regard the Company's growing revenue and net profit, increasing return on sales and return on invested capital, higher 04.02.2014The 'A+' rating indicates a very strong credit standing of Baltic coast. The risk of a failure to meet liabilities in time is insignificant.
The positive rating action reflects the increasing sales revenues, profitable operations, equity capital growth, better capital turnover, more headroo06.08.2013Baltic coast qualifies as a highly reliable borrower. Risk of a delay in meeting liabilities is relatively low, restructuring risk for a loan / part of a loan is minimal.
The credit rating of Baltic coast is essentially supported by the increasing sales revenues, growing net profit, fairly high pro27.05.2011
The ‘A’ rating indicates that CJSC BALTIC COAST is qualified as a highly reliable borrower. Risk of a delay in meeting liabilities is relatively low, restructuring risk for the loan / part of the loan is minimal.
CJSC BALTIC COAST was established 2000 and is in Top 10 largest fis