13 August 2015

AFI Development Group of Companies was included into TOP-4 of the Developers Info Transparency Rating in Russia

  • Press Release

The AFI Development Group of Companies was included into TOP-4 of the Developers Info Transparency Rating when being the only fully transparent companies in Russia according to the methodology of the Building Complex Rating Agency.

AFI Development Group of Companies has been rated A3, which is one of the highest ratings. Class A rating is assigned to public companies with the highest level of transparency, which includes the regular disclosure of both mandatory and optional information on their activities in accordance with applicable law.

As part of the Info Transparency Rating of developers engaged in construction of residential real estate in accordance with the law 214-FL there were analysed about 3500 development and construction companies in Russia.

Each developer was analyzed upon 21 factors, such as availability of complete information about the company and executed projects, financial statements, project statement, permits, and construction reports in official sources, as well as other details allowing for complete assessment of the company reliability level.

According to the expert opinion of the Building Complex Rating Agency, "the AFI Development Group of Companies allocates publicly available relevant information for consumers (shareholders) about the objects under construction for the purpose of 214-FL in a convenient and understandable form. The website gives access to the project statements, construction reports, prices and other information about the developer. AFI Development is a public company, and it regularly discloses all mandatory and optional information about its activities in accordance with applicable law."

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