On 24 May 2018 Fitch Ratings agency initiated SUEK’s credit rating, assigning BB grade with a stable outlook.
Fitch has noted SUEK’s position as a leading thermal coal producer and exporter in Russia and globally, the company’s competitive cost position through efficient operations, own logistics and the growing share of open-pit mined coal, stable financials and comfortable leverage supported by solid coal fundamentals and capex flexibility.
For more details see Fitch’s press release.
In addition, on 24 May 2018 Moody’s credit agency upgraded SUEK’s rating from Ba3 to Ba2 with a stable outlook.
The upgraded rating reflects the company’s improved financial position. It also notes SUEK’s competitive sales and cost position and high quality coal products.
For more details see Moody’s press release.
By the end of 2017, the SUEK’s sales volume reached 109.7 million tonnes, revenue increased to $5,693 million. EBITDA grew to $1,514 million and net income to $657 million. More detailed information on the results is available on the company's corporate website (www.suek.com) and in Annual Report 2017 (http://www.ar2017.suek.com/).