OREANDA-NEWS. National Rating Agency has assigned its national scale ‘A’ credit rating to Marijsky Refinery LLC. This is the first time that the company is rated by NRA.

The rating reflects the company’s good growth prospects, supported by its resource base and potential for more refinery capacity, its leading position by export volume in its home region, stable supplier and customer bases, favourable revenue generation trends, long-term funding profile and stable relations with key creditors, as well as its strong beneficial owners and strategic partners with a considerable experience in handling similar projects.

We have examined the company’s intensive development concept and financial model, appraised by reputable international firms with sectoral-relevant expertise. The project is to be financed mainly through debt financing. According to available financial information and given the debt maturity schedule, the company will have enough funds to cover its debt servicing obligations. Additionally, Marijsky Refinery has strong strategic partners, interested in the project results, which fact mitigates the risks associated with the company’s investments, debt burden and growth strategy.

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.