OREANDA-NEWS. RusRating has assigned a credit rating to OOO Anzherskaya Neftegazovaya Kompania (Kemerovo region). The rating is "BBB" on the national scale and "BB" on the international scale, in both cases with a stable outlook.

The rating is based on good financial indicators for the Company’s project; the high market value of its assets; the support of the Kem-Oil Group; and access to stable, long-term financing.

Constraining factors include a high current debt burden (mainly long term) and the set-up/testing stage of key operating facilities.

About the Company

OOO Anzherskaya Neftegazovaya Kompania [trs. Anzherskaya Oil and Gas Company LLC] is a member of the Kem-Oil group that processes and trades in petroleum products in Kemerovo region. It is currently constructing a refinery with a capacity of 2.2 million tonnes per year. The beneficiary owner of the Company (and its parent group) is Alexander Matveyevich Yugan.

At this time assets consist mainly of petroleum refining facilities, both in operation and under construction. Long-term bank loans make up the bulk of liabilities. The Company’s current debt burden is judged high. Its anticipated operating margin is moderate. Liquidity is sufficient. Risk sensitivity is elevated.