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  1. Antipinsky Oil Refinery’s Credit Rating Affirmed at «A+»

Antipinsky Oil Refinery’s Credit Rating Affirmed at «A+»

27 August 2015

On August 27, 2015, National Rating Agency affirmed Antipinsky Oil Refinery’s national scale credit rating at “А+”.

The rating level assigned reflects high growth rates of the Company’s business: at year-end 2014, its key financial and production performance indicators have considerably increased.

Step-by-step and in compliance with the plan, the Company has been implementing its development strategy, increasing its production capacities and arranging long-term financing to implement its large-scale projects. The Agency notes that the Company has achieved all its objectives for 2014 in full including the attainment of one of its key strategic goals to improve the quality of diesel to meet the requirements of Euro-5 standard.

The company prepares annual financial reports according to Russian Accounting Standards (RAS) and IFRS, and based on the analysis thereof the Agency rates the Antipinsky Oil Refinery’s creditworthiness and financial sustainability as high. The rating was assigned to Antipinsky Oil Refiner CJSC on September 3, 2012, affirmed on August 01, 2013 and on August 11, 2014 at the same level.

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