OREANDA-NEWS. National Rating Agency has affirmed its 'A' credit rating on Heavy Engineering Plant (HEP) and has withdrawn the rating due to expiry and the contract.

HEP, a 100% subsidiary of North-West Investment and Production Company (NWIPC), shared the rating of ‘A’ assigned to its parent in May 2012 and reaffirmed every year since. HEP could share the rating on condition that it remained under NWIPC’s management and control. In 2014, NWIPC sold out its stake in HEP, which triggered the rating withdrawal.

HEP’s principal business lines include the manufacturing of rail locomotive parts, tramcars and other motor-driven cars, as well as rolling stock.