NKR Agency confirms high credit rating of Sinara Group

The NKR Rating Agency has confirmed the credit rating of Sinara Group at the level of A+.ru with a stable outlook. According to the agency, this assessment is due to the leading positions in the Russian market of railway engineering and integrated supplies for infrastructure projects, the stability of the main markets of presence and the long-term contractual base.

Analysts note that over the past two or three years, the Russian industrial sector has faced high credit costs and a slowdown in domestic demand, which has led to a decline in the ratings of a number of players in metallurgy and coal mining. Under these conditions, diversified holdings, which include the Sinara Group, demonstrate the greatest stability. The stable forecast of the NKR means a high probability of maintaining the current credit level over the next 12 months.

The experts identified two key segments of the group's presence: railway engineering and integrated supplies for infrastructure projects.

"These markets are characterized by high demand for the group's products and services, low volatility and significant contractual revenue. The Sinara Group's portfolio of contracts in these areas ensures high predictability of future cash flows," explained Dmitry Orekhov, an analyst at the NKR.

The company's financial performance in 2025 showed positive dynamics. The group's revenue increased by 24% and exceeded 443 billion rubles. Earnings before interest, taxes, and depreciation (EBITDA) reached 72.6 billion rubles. Net debt at the end of 2025 amounted to 1.5x EBITDA, which experts estimate as a comfortable level of debt burden for the Russian market.

"The participation of Sinara Group companies in the implementation of a number of significant national initiatives, including the Moscow–St. Petersburg high-speed highway project, allows us to adhere to a long—term development strategy and plan for further revenue growth, debt reduction and improvement of financial metrics," said Vladimir Potatuev, Director of Corporate Finance at Sinara Group.