RAEX Confirmes ChelPipe’s Rating at ruA+

UrBC, Yekaterinburg, June 8, 2018. Russia’s leading pipe manufacturer and O&G integrated solutions supplier ChelPipe Group had its credit rating confirmed at ru A+ (with Stable rating outlook) by RAEX, the company press service reports.

The rating improved thanks to the company’s competitive market position, diverse sales structure, and high expected liquidity and profitability figures. RAEX also comments on the company’s great quality corporate governance, strong strategic base, enhanced information transparency, and stable. highly concentrated ownership structure.

The rating agency also felt positive about the company’s stable and moderate debt burden. Last year’s net profit/EBITDA ratio came to 3; ChelPipe’s operating cash flow exceeds the net debt by 46%, its free cash flow by 33%.


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