RAEX Rates ChTPZ ruA+

UrBC, Chelyabinsk, August 9, 2017. Chelyabinsk Pipe Rolling Plant (ChTPZ), Russia’s leading pipe manufacturer and integrated oilfield solutions supplier, was given ruA+ credit rating by RAEX (Expert RA), with Stable rating outlook, the company press service reports.

The rating reflects the great degree of trust the investor community has in the plant. According to the rating agency, the company’s strong market position, its comfortable debt burden, and enhanced liquidity all had a positive impact on the current rating.

RAEX analysts also commented on the great corporate governance, strong strategic planning, and great information transparency.

‘ruA+ is given to thriving national industrial enterprises and serves to emphasize ChTPZ’s business model’s compliance with the best global pipe manufacturing standards; the rating is bound to make the company even more attractive to Russian investors,’ says ChTPZ CFO Valeriy Borisov.

Other materials on the topic::