OREANDA-NEWS. RusRating has assigned a credit rating to ZAO Neftogazoptimizatsia (Moscow). The rating is “BBB” on the national scale and “BB” on the international scale, in both cases with a stable outlook.

According to the agency, the rating is based on a moderate debt burden, good profitability with stable contracts.

Constraining factors include the Company’s relatively small size and its volatile cash flows.

About the Company:

ZAO Neftegazoptimizatsia was established 7 September 2006 in order to identify projects to optimize the pumping of oil and gas, and later diversified into industrial construction, including the construction and installation of complex technical items, roads and pipelines, automated overnight Control Systems (ACS), power supply facilities and lighting. Currently it is involved in projects for the development of Russia’s transport infrastructure. The Company is owned by S.L. Novikov and A.V. Savchenko who own equal stakes.

The company is characterized by a moderate debt burden and good profitability. Its assets consists mainly of funds invested in its ongoing construction projects. Overall risk sensitivity is moderate. Liquidity is sufficient.