S&P changes Leader Invest view to stable

S&P said it revised its outlook on Leader Invest JSC to stable from positive and affirmed the B/B long- and short-term issuer credit ratings.

“The outlook revision to stable reflects our view that despite some operating underperformance in 2018, compared to our previous forecasts, Leader will continue to strengthen its position as high-quality property developer operating, and growing, in Moscow,” the agency said in a news release.

“We previously forecasted revenue growth of more than 50% in 2018 and more than 25% in 2019. We understand now that Leader's revenues in 2018 will demonstrate more moderate growth because the company has restaggered its deliveries.”

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