In justifying its decision, National Credit Ratings (NCR) noted the holding company's stable market position and long-term project portfolio. The holding’s strong financial profile, including a low debt burden and high profitability, also positively impacts the rating.
Experts noted the high level of corporate governance and strategic planning: “The high rating of VIS Group's (AO) business profile is due to the company's stable position in the infrastructure construction market. Its competitive advantage lies in the implementation and management of projects throughout their entire life cycle, including pre-project assessment, investment, design, construction, and the specialized and technical operation of completed facilities.”
The agency also notes the high quality of the contract base, which is very likely to deliver company revenues higher than in 2025 in the next two years. The long-term nature of the portfolio projects and the significant funding from budgets at various levels positively impact the holding's business profile. “According to the company, 100% of revenue for 2026 and more than 85% for 2027 is contracted,” the agency noted in its press release.
VIS Group is one of the top three major players in the public-private partnership market. It has one of the largest portfolios of concession and PPP agreements, which is valued at 899 billion rubles.
The AA-.ru rating was assigned to VIS Group in July 2025. The Group also has a rating of ruA+ with a stable outlook from Expert RA.
Experts noted the high level of corporate governance and strategic planning: “The high rating of VIS Group's (AO) business profile is due to the company's stable position in the infrastructure construction market. Its competitive advantage lies in the implementation and management of projects throughout their entire life cycle, including pre-project assessment, investment, design, construction, and the specialized and technical operation of completed facilities.”
The agency also notes the high quality of the contract base, which is very likely to deliver company revenues higher than in 2025 in the next two years. The long-term nature of the portfolio projects and the significant funding from budgets at various levels positively impact the holding's business profile. “According to the company, 100% of revenue for 2026 and more than 85% for 2027 is contracted,” the agency noted in its press release.
VIS Group is one of the top three major players in the public-private partnership market. It has one of the largest portfolios of concession and PPP agreements, which is valued at 899 billion rubles.
The AA-.ru rating was assigned to VIS Group in July 2025. The Group also has a rating of ruA+ with a stable outlook from Expert RA.
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