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The report in focus

"AUTOSTAT OMNIBUS-2020". Winter Car tires: preferences of car owners (fourth wave)

"AUTOSTAT OMNIBUS-2020". Winter Car tires: preferences of car owners (fourth wave)

Exit date 07.12.2020

Format PDF

Price 3500 eur.

The fourth autumn wave of the project is aimed at identifying consumer preferences in the ...

07 december more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

Infographics

Leaders and outsiders of the Russian car market in the 1st quarter of 2020

News

Fitch confirmed rating of AvtoVAZ

International rating agency Fitch Ratings has affirmed the long-and short-term ratings of AvtoVAZ in foreign and local currency ratings at “B-“  and “B”, respectively. At the same time a confirmation of National Long-term rating at “BB (RUS)” level, senior unsecured foreign and local currency ratings at «B-» and the recovery rating at «RR4» were received. Forecast by long-term ratings is stable, wrote the magazine “AutoBusinessReview”.

The key rating factors, in accordance with Fitch analysts, were attributed the government support venture, cooperation with Renault-Nissan and imminent change in the ownership structure, as well as the expected stabilization of the market share of AvtoVAZ. However, experts remarked the weak profitability of the plant (according to estimation of Fitch, it will be negative until 2014) and a low free cash flow (the investment will remain at 11.9% of car sales).

The rating increase can be caused by a sustained improvement in profitability and free cash flow generation. On the other hand, the rating pressure could occur again in case of evidence of low levels of direct or indirect support from the government of Russia and Renault-Nissan.

28.05.13 AA "AUTOSTAT"
Source: www.autostat.ru