Expert RA Rates VELESSTROY’s Credit Standing as RUA-

25.03.2021

Expert RA (Rating Agency) re-evaluated rating of Velesstroy’s credit standing according to some updated methodology. It rated VELESSTROY as ruА-, with its stable rating forecast. 

The agency’s assessment views Velesstroy’s market standing to be high. The Company is one of the leaders on the market of infrastructure facility construction. In particular, the Company has successfully discharged its contracts under YAMAL LNG project (four trains of the Plant and four cryogenic LNG storage tanks), facilities of ‘Kuyumba-Taishet’ trunk oil pipeline, PS ‘Zapolyarie-Purpe’, PS ESPO 1, PS ESPO 2, construction of Antipinsky Refinery facilities, Volgograd Refinery facilities, BC Evolution Reconstruction project, EUROCHEM Ammonia Production construction project in Kingisepp and Bosco factory in Kaluga. 

With the portfolio of successfully delivered projects of a series of major clients in various industries the Company can compete with others for discharging contracts at the federal level. 

Source: https://raexpert.ru/releases/2021/mar25/