Tuapse Commercial Sea Port OJSC's Credit Rating Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its 'A+' credit rating on Tuapse Commercial Sea Port OJSC (OAO 'Tuapse Commercial Sea Port').
The rating is underpinned by the company's strong market position in its market segment, stable financial position of the port, transparent structure of activities, as well as flexible strategy for port development, which takes into account possible changes in the market situation and infrastructure. Tuapse Commercial Sea Port OJSC is part of the large transport group UCL Holding, it has a close partnership with major extractive companies in Russia, which provides additional financial stability and the possibility of support from shareholders.
The rating is still constrained by high concentration of the customer base, aggressive competitive environment, as well as macroeconomic and geopolitical factors that could affect the port's operation.