OREANDA-NEWS. National Rating Agency has assigned its national scale 'A' credit rating to Marijsky Refinery LLC. This is the first time that the company is rated by NRA.

The rating reflects the company's good growth prospects, supported by its resource base and potential for more refinery capacity, its leading position by export volume in its home region, stable supplier and customer bases, favourable revenue generation trends, long-term funding profile and stable relations with key creditors, as well as its strong beneficial owners and strategic partners with a considerable experience in handling similar projects.

NRA will examined the company's intensive development concept and financial model, appraised by reputable international firms with

sectoral-relevant expertise. The project is to be financed mainly through debt financing. According to available financial information and given the debt maturity schedule, the company will have enough funds to cover its debt servicing obligations. Additionally, Marijsky Refinery has strong strategic partners, interested in the project results, which fact mitigates the risks associated with the company's investments, debt burden and growth strategy.