OREANDA-NEWS. June 08, 2015. National Rating Agency has raised its national scale credit rating on Investneftekhim LLC to ‘AA-’, taking into account the support rating of ‘RS3’, which reflects the parent group’s propensity to support the company.

The rating reflects Investneftekhim’s affiliation with a strong state-owned group, and a high likelihood of parent support, underpinned by the company’s close integration with the group. In addition, NRA notes the good quality and consistently positive performance of the company’s assets, its sizeable equity and solid liquidity position. Taken together, these factors allow NRA to assess Investneftekhim’s solvency and financial strength as high.

The rating is constrained by the company’s volatile revenue and financial results, as well as growing debt relative to operating efficiency.