- 08.12.2016
- Категория: Новости
Public Joint Stock Company Chelyabinsk Pipe plant (ChelPipe), the leading Russian manufacturer of tubular goods and the provider of integrated solutions for fuel and energy companies, has been assigned credit ratings of BB- by Fitch and Ba3 by Moody’s for the first time. The outlook by both rating agencies is Stable.
Fitch’s and Moody’s ratings reflect ChelPipe’s position as one of the leading manufacturers of tubular goods in Russia and in the world, diversified product mix, high level of availability of raw materials, low production costs, sustained leverage and conservative risk management policy. Additionally, the agencies mentioned conservative financial policy, positive free cash flow and solid liquidity level.
Valery Borisov, ChelPipe Deputy CEO for Finance and Economics, commented: “Ba3 and BB- ratings assigned to ChelPipe reflect stable company market position and prove that our development strategy is a right one. Assigning of BB ratings is the worthy beginning of public rating history of the company which will enable to strengthen our position at capital markets.”