On March 12, 2025, the Expert RA rating agency assigned a GIAA credit rating to the Yandex non-financial company. The rating outlook is "stable". This is stated in the agency's message.
Yandex's credit rating is based on its very strong business profile, low debt and interest burden, high liquidity, as well as moderately high profitability and low corporate risks.
Yandex is a leading Russian IT company, whose services are based on proprietary technologies. Currently, the company's ecosystem includes more than 90 services, the key of which are a search engine, taxi ordering service, e-commerce and video/audio streaming.
The company's creditworthiness rating was assigned based on the consolidated financial results of ICPAO Yandex, prepared in accordance with IFRS.
