OREANDA-NEWS. January 10, 2013. The National Rating Agency (NRA) assigned credit rating “A+” on the national scale to ITERA Group Ltd., one of the holding companies of ITERA International Group of Companies. According to the NRA materials “the issuer’s reputation is characterized with high level of credibility on the part of its customers and counterparties”.

So far, only one company of ITERA International Group of Companies – ITERA Oil and Gas Company, LLC – has had a credibility rating: credit rating “AA” on the national scale – very high credibility, second level.

ITERA Group Ltd. was established in 2004 for consolidation, management and distribution of financial flows of ITERA International Group of Companies. The Company owns interests in ITERA Oil and Gas Company, LLC and in other Group assets. Igor Makarov is the principal beneficial owner of Itera Group Ltd., and the founder and the controlling owner of ITERA International Group of Companies.

ITERA International Group of Companies is a vertically integrated holding with dozens of enterprises and companies in the NIS, Baltic States, Western Europe, Asia and the United States. From its inception in 1992, ITERA’s main business activity has been natural gas. ITERA Oil and Gas Company, LLC, is a joint venture of OJSC NK Rosneft with a 51% stake, and Companies of ITERA International Group of Companies with a 49% shareholding, one of the largest independent producers and sellers of natural gas in Russia. The Company has been developing its own production of gas in the Yamalo-Nenets Autonomous District since 1998. The Company has invested over USD 2 billion in development of the gas industry. Overall, over 250 billion cubic meters of gas was produced in gas fields developed by Itera. The total volume of gas sold is about 600 billion cubic meters. Development, gas processing and power generation are among strategic businesses of the Group, too.

The National Rating Agency (NRA) has performed its activities since 2002, and it is one of the leading Rating Agencies of Russia. So far, there are over 300 legal entities that are the NRA clients in terms of assigned contact ratings. More than 800 companies and banks are involved in other NRA information projects.

The NRA is accredited by the Ministry of Finance of the Russian Federation. The NRA ratings are officially recognized by the Central Bank of the Russian Federation, the Federal Service on Financial Markets, the Moscow Stock Exchange, the Ministry of Economic Development of Russia, the Bank for Foreign Economic Activity, State Corporation “The Russian Corporation for Nanotechnologies” (ROSNANO), the Agency for Mortgage and Housing Financing (AMHF), the National Association of Stock Market Participants.