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

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

11 July 2014

National Rating Agency has affirmed Antipinsky Oil Refinery’s national scale credit rating at “А+” with a positive outlook. The rating level assigned to the refinery reflects high growth rates of the Company’s business.

At year-end 2013, the refinery’s key financial performance indicators including revenues and equity have considerably increased. The Antipinsky Oil Refinery CJSC has implemented all its objectives for 2013 in full including one of the main strategical goals to bring the refinery’s installed processing capacity to 7.74 million tons of oil per annum. The company has a clear-cut development strategy being implemented by rasing long-term funding from major Russian banks.

The credit rating assigned to a company reflects the opinion on the company’s ability to meet, in full, its financial obligations, both current and arising in the course of its activities for a period of up to 1 year.

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