The NCR has affirmed Transneft's credit rating at AAA.ru with a stable outlook.
The agency notes that the recovery growth of crude oil freight turnover in 2022 and indexation of oil transportation tariffs encourage positive assessment of the growth potential in the key markets where the Company operates, being conducive to growing revenues, operating and net earnings.
According to the Agency, Transneft is notable for a high debt service quality and low level of debt burden. The Agency's assessment of Transneft's high rating of financial portfolio is supported by its balanced asset funding structure, high profitability and strong liquid asset coverage of its current liabilities.
The Agency has underlined that Transneft's assessment of its own financial standing and solvency is strongly backed by very low shareholder risks as well as high quality of operational management and strategic planning.