The credit rating of a company nationalized in Russia has fallen

The Analytical Credit Rating Agency (ACRA) has downgraded the credit rating of PJSC YuGK (Yuzhuralzoloto) to AA-(ru) with a stable outlook and removed the “under supervision” status. This is stated in the organization's message.

This decision was explained by a deterioration in cost estimates and debt burden due to the growth of total debt in 2025 above expectations, as well as the provision of a guarantee by PJSC UGK for the parent company of the group. The latter circumstance was taken into account when calculating the debt burden indicator in the forecast period 2026–2028.

The Sovetsky District Court of Chelyabinsk nationalized Yuzhuralzoloto in July last year. The reason for this was the claims of the Prosecutor General's Office against billionaire Konstantin Strukov. He was accused of acquiring property using his position in the authorities, since the businessman, who controlled the company since 1997, 12 years later, in 2009, became a deputy of the legislative assembly of the Chelyabinsk region.