Zagorsky Pipe Works has for the first time received its credit rating.
According to AKRA rating committee dated May 20, the company rating is “BBB+” with stable outlook.
The decision is based on the company strong market position, low debt burden, moderate business profile and corporate management level.
“We are satisfied with the debt to EBITDA ratio. In 2018 it was 2.2. This year we intend to drive it to 1. Our revenue in 2018 was also satisfactory – 39 billion rubles”, the company CEO Denis Safin said. (Ukrainian metal)