Builders in Russia, having debts in rubles, will receive a competitive advantage - experts

The devaluation of the ruble puts in a better position of the Russian project developers, most of the debt denominated in rubles, to be a weekly review of real estate market of Russia company Renaissance Capital.

"A positive phenomenon at present is that devaluation leads to a decrease in the value of debt denominated in rubles, in relation to the dollar.

Accordingly, companies with a large share of ruble debt in some way insured by the deterioration of the dollar cash flow "- note the analysts.

Experts distinguish among Russian developers have received the greatest benefits of the devaluation of the ruble, in the first place, LSR Group (St. Petersburg).

"According to our data, the LSR has the highest share of ruble debt: 64% of the total debt of the company and 70% of its short-term debt denominated in rubles," - the experts Renaissance Capital.

Topic: LSR