Rating agency Expert RA has upgraded SUEK’s credit rating from ruA+ to ruAA– with a stable outlook.
In its official statement, the agency noted a leading position of SUEK in the industry and its high level of vertical integration.
According to the press-release, the rating upgrade was positively influenced by the high stability of the energy segment assuaging the volatility of the coal segment, diversification of the client base and distribution channels, the geographical diversification of assets, as well as solid profitability and comfortable debt structure. The credit rating also reflects Expert Ra’s expectation that SUEK will reduce leverage over the next two years, primarily through EBITDA growth amid favorable conditions on the coal market and expectations of a decrease in the absolute level of debt.
For more details, see Expert RA’s
press release.
