Moody’s assigns investment-grade rating to SIBUR

Moscow, 30 January 2018. Moody’s has assigned a Baa3 long-term issuer rating to SIBUR, with a stable outlook. It is in line with the agency’s country ceiling and exceeds Ba1, Russia’s current sovereign rating.

The rating confirms SIBUR’s financial resilience: a substantial share of foreign currency revenue and a strong liquidity profile help the Company tolerate sovereign stress. Among other things, the agency highlighted the Company’s business robust model and strong positions in the domestic market and abroad.

The rating action reflects the change in the outlook on Russia's Ba1 ratings from stable to positive. The improved outlook on Russia’s ratings, which were affirmed at Ba1, was driven by the growing evidence of institutional strength, along with economic and fiscal resilience.