REG - PJSC Novorossiysk - Moody's Upgrades NCSP Ba3 Rating Outlook to Stable <Origin Href="QuoteRef">NMTP.MM</Origin>

Novorossiyskiy morskoy torgovyi port PAOAnnouncement

03/03/2016 11:52

RNS Number : 3598I
PJSC Novorossiysk Comm. Sea Port
08 December 2015
Press-release
Moody's Upgrades Outlook to Stable and Affirms PJSC NCSP Rating at Ba3
08.12.2015
Novorossiysk Commercial Sea Port Group (NCSP Group or the Group) (LSE: NCSP, Moscow Exchange: NMTP) hereby reports that Moody's rating agency has changed to stable from negative the outlook on PJSC NCSP's corporate family rating and affirmed the rating at Ba3 level, according to Moody's release dated 7 December 2015.
The outlook on PJSC NCSP's rating and rating of other Russian utility and infrastructure companies, and government related issuers was upgraded following Moody's change of outlook Russia's government Ba1/NP bond rating to stable from negative on 3 December 2015, according to Moody's statement.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third-largest in Europe, in terms of cargo turnover. NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 2014 totalled 131 million tonnes. Consolidated revenue to IFRS in 2013 totalled USD 928 million and EBITDA was USD 510 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, OJSC NLE, OJSC IPP, CJSC Baltic Stevedore Company, and CJSC SFP.
Contacts
Kristina Senko, Public Relations; KSenko@ncsp.com
Mikhail Shchur, Investor Relations; MShchur@ncsp.com

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