Lenta Ltd ratings upgraded by Fitch

Lenta Ltd, the BVI-registered company operating retail chain in Russia, announced that Fitch Ratings had upgraded its long-term foreign and local currency issuer default rating from ‘BB-’ to ‘BB’, and its National Long-term rating from ‘AA-(rus)’ to ‘A+(rus)’. The rating outlook is stable. The upgrade shows Lenta’s proven execution of its sales growth strategy while holding strong profitability.

It is expected by Fitch agency that the company will further strengthen its market position and increase the scale of its business over the medium term.

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