REG - PJSC Novorossiysk - NCSP's National Scale Rating Discontinued <Origin Href="QuoteRef">NMTP.MM</Origin>

Novorossiyskiy morskoy torgovyi port PAOAnnouncement

18/03/2016 11:32

RNS Number : 5765S
PJSC Novorossiysk Comm. Sea Port
18 March 2016
NCSP's National Scale Rating Discontinued 
18.03.2016
NCSP Group (LSE: NCSP, MOEX: NMTP) hereby reports that, according to statement dated 18 March 2016, Moody's Interfax Rating Agency, majority owned by Moody's Investors Service, has withdrawn the national scale ratings of PJSC NCSP and a number of Russian issuers for its' own business reasons.
Rating
Status/Outlook
Date of last action
National
scale
rating
WITHDRAWN
18-March-2016
Aa3.ru
On watch
10-March-2016
Aa3.ru
Negative
09-July-2015
PJSC NCSP's global scale ratings remain valid as follows.
Rating
Status/Outlook
Date of last action
Global scale rating
Ba3
On watch
09-March-2016
Ba3
Negative
09-July-2015
About NCSP Group
NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. 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 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2014 totalled USD 956 million, and EBITDA was USD 569 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
Contacts
Kristina Senko, Public Relations:              KSenko@ncsp.com
Mikhail Shchur, Investor Relations:   MShchur@ncsp.com

This information is provided by RNS
The company news service from the London Stock Exchange
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