3 july 2020
RAEX (EXPERT RA) affirms O'KEY ‘ruA-’ rating with stable outlook

O`KEY Group S.A. (LSE: OKEY, the ‘Group’) announces that RAEX (Expert RA, the ‘Agency’) has affirmed O`KEY LLC, the main operating subsidiary of O`KEY Group S.A., a credit rating of ‘ruA-’. The outlook of the rating is Stable.

All materials published by the Group are available on its website www.okeygroup.lu

The rating reflects the Group’s stable position in Russian food retail and strong liquidity metrics, as well as high quality of corporate governance and risk management.

The Agency noted an improvement in the Group's revenue and profitability indicators for 2019, as well as a decrease of the total debt level and improved diversification of the debt portfolio.