13 january 2014 г.
High Rating

At the end of the last year SC Condensate received a decent rating from international experts of Fitch Ratings and Expert RA Kazakhstan rating agency.

In November 2013 Fitch Ratings rated the company as “B-“. Forecast is "Stable".

It should be noted that Fitch Ratings international rating agency specializes in providing the world credit markets with independent and focused assessment of credit rating, analytical research and data; the agency experts have a global analytical experience, knowledge of local market specifics and carry out analysis on the capital markets in more than 150 countries. With Russia and CIS Fitch Ratings has been working over 15 years, and investors, issuers and bankers in different countries admit the reliability, transparency and timeliness of the analytical research products of this agency.

At the end of December, 2013 Expert RA Kazakhstan rating agency wasassigned the "A+" credit score to SC Condensate (very high creditworthiness). Previously the company has acted rating A (high creditworthiness).

The main factors of upgraderating are continuing growth of capital and assets (based on the 2012 - 8.84% and 14.01%, respectively), as well as stable high liquidity indicators (on 30.09.2013 absolute liquidity ratio – 4,13,quick assets ratio– 11,79).

Among the other factors that give a positive influenceto the rating are zero debt load, high profitability (based on the 2012 ROA -11,10%, ROE -11,90%), high levels of business activity (based on the 2012 payables turnover - 9 days, receivables turnover - 91 days) and the diversify structure of suppliers.

In addition, the agency analysts noted the growth prospects of sale markets for the products delivered by SC Condensate, which is due to the fact that now the company started a Euro-5 fuel plant construction project. These circumstances give positive effects to the company rating.