Moscow, October 01, 2018- The Analytical Credit Rating Agency (ACRA) confirmed PJSC "PIK Group" credit rating at the level of BBB+(RU) and increased the forecast from "stable" to “positive”, which implies a high probability of rating increase in the short-term.

The agency notes the strong business profile of PIK, due to the high diversification of the portfolio of projects, sustainable project implementation schedules, strong brand and high consumer characteristics of the projects on sale.

In addition, the agency refers to the consistent implementation of the Company's strategy and the Company’s risk management system which allows to control key operational risks of the Company as the factors that had positive impact on the rating

ACRA experts also noted strong cash flow and liquidity indicators of the company, which are provided by the ability to accumulate a significant amount of free cash, new adapted dividend policy and the plans for decreasing leverage.

 “Once again PIK Group has been confirmed to have the highest credit rating among the Russian developers. And we are particularly pleased to obtain this rating from one of the most demanding and respected rating agencies - ACRA " said Alexander Prygunkov, First vice-president of PIK Group.

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