PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
Moody's Investors Service affirms PJSC NCSP Ba2 rating
27-Aug-2019 / 18:16 MSK
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Press-release
Moody's Investors Service affirms PJSC NCSP Ba2 rating
27.08.2019
NCSP Group (LSE: NCSP, MOEX: NMTP) announces, that on August 27, 2019,
Moody's Investors Service Agency ("Moody's") confirmed the credit rating of
PJSC NCSP at level Ba2; stable outlook.
The agency said: "The outlook on NCSP's rating is stable, which reflects our
expectation that in the next 12-18 months, the company will maintain its
strong market position in Russia and healthy financial performance".
To recap, on August 21, 2018, Moody's Agency raised the rating of PJSC NCSP
from Ba3 to Ba2.
NCSP Group is the largest port operator in Russia by cargo turnover. Its
controlling shareholder (62%) is PJSC Transneft. NCSP Group is traded on
Moscow Exchange (NMTP) and London Stock Exchange as global depositary
receipts (NCSP). NCSP Group's volumes totaled 140.2 million tons in 2018.
The Group's consolidated revenue totaled USD 951 million in 2018. NCSP Group
is comprised of PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port
LLC, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, IPP LLC,
Baltic Stevedore Company LLC, and JSC SFP.
For more information, please contact:
For press: MSidorov@ncsp.com
For investors: IR@ncsp.com
ISIN: US67011U2087
Category Code: MSCM
TIDM: NCSP
LEI Code: LEIA0010014976
Sequence No.: 18113
EQS News ID: 863909
End of Announcement EQS News Service
(END) Dow Jones Newswires
August 27, 2019 11:16 ET (15:16 GMT)
