Expert RA rating agency gives OMZ the A level “high level of credit status”

Expert RA rating agency confirmed credit status of ОАО OMZ at Level A (high level of credit status).

Among the factors that had a positive effect on the rating, agency analysts attributed the growth of OMZ capital 46% during the period from December 31, 2008 to June 30, 2011, and the growth of net assets and a positive net working capital of the company. “It should be noted that the OMZ is moving toward reducing the debt burden, as well as plans to obtain a positive net profit in 2011. In the medium term financial stability of OMZ is likely to increase”, - says head of corporate and investment ratings department at Expert RA Pavel Mitrofanov. Analysts also noted the quality of organization of risk management system, strong market position and high level of the company’s information transparency.

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.