REG - IG Seismic Services - Moody's affirms IGSS "B2"; outlook "Negative" <Origin Href="QuoteRef">IGSSq.L</Origin>

IG Seismic ServicesAnnouncement

27/04/2016 18:00

RNS Number : 5769W
IG Seismic Services PLC
27 April 2016
 
IG Seismic Services PLC
MOODY`S AFFIRMS IG SEISMIC SERVICES RATING 'B2'; OUTLOOK 'NEGATIVE'
Moscow, 27 April 2016
Moody's Investor Service, one of the most influential rating agencies in the world, confirmed long-term corporate credit rating B2, outlook "Negative" of IG Seismic Services PLC (LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally. 
On 16 January, 2015 Moody's affirmed the '2' rating and revised the outlook to 'Negative'.
According to Moody's, the B2 rating is supported by IGSS's still fairly stable operating and financial performance. Moody's expects that the company will retain adequate profitability despite increasing pressure from rising inflation. 
Analysts do not exclude the possibility of stabilising the outlook on the ratings in the future.
Ratings information can be found on Moody's Web site at www.moodys.com
Contacts
For further information please visit www.igseis.com or contact:
IGSS Investor Relations
+ 7 495580 7882 
query@igseis.com 
This document may contain "forward-looking statements" which include all statements other than statements of historical fact. Such forward-looking statements can often be identified by words such as "plans", "expects", "intends", "estimates", "will", "may", "continue", "should" and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the IG Seismic Services PLC's (the "Company") control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as of which they are made, and neither the Company, nor any of its respective agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. The information and opinions contained in this document are provided as at the date of this document or as otherwise specified herein and are subject to change without notice.

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