Kazanorgsintez became one of the leaders in the investment efficiency rating

Kazanorgsintez PJSC was ranked fourth in the investment efficiency rating of Russian companies. The Company scored 67.28 points. Gap with the rating’s leader, NOVATEK Corporation, was only 4.13 points. Apart from NOVATEK, only Russian Railways and Severstal were able to surpass Kazanorgsintez.

The first of its kind investment efficiency rating of Russian companies was developed and presented by the rating agency National Credit Ratings (NCR, part of the RBC Group) in cooperation with the Agency for Social Analysis and Forecasting (ASAF). It is based on quantitative indicators from the public consolidated statements of corporations according to international standards for 2019. The rating includes in total 80 largest public Russian companies. The NCR acknowledged that pandemic has led to a wide-sweeping review of investment plans and “the abnormal in all respects year 2020 requires a separate analysis, including the investment activity of companies.”

The credit rating agency NCR was established on 11 February 2019. The NCR is a 100% subsidiary of the RBC media holding. The Bank of Russia included the NCR in the register of accredited rating agencies on 12 September 2019.