Expert RA rating agency confirms the A rating of OMZ Group

Expert RA rating agency has confirmed the A rating, “High Solvency Level”, of OMZ Group.

The factors behind the decision include reduction in debt, diversified liabilities structure, high level of diversification and lack of delayed accounts payable, increase in capital and asset levels and high diversification of accounts receivable.

“Expert RA is the leading Russian rating agency, -- says Grigoriy Gavrikov, OMZ Group deputy general director. – Because of that confirmation of our rating is not just a positive assessment of our financial condition but is also a proof that we have chosen a correct financial strategy, effective business model and risk management processes”.

OMZ Group is one of the leading heavy industry companies specializing in engineering, production, sales and service support of equipment for nuclear, oil and gas, mining industries, as well as special steel production and industrial services. OMZ Group’s facilities are located in Russia and Czech Republic. The Group is controlled by Gazprombank.