Research Update: Russia-Based Defense Supplier Ural Optical & Mechanical Plant Assigned 'B-' And 'ruBBB' Ratings; Outlook Stable May 10
- ID: 1857518
- May 2010
- Standard & Poors
We are assigning our 'B-' corporate credit rating to Russian state-owned defense supplier Ural Optical & Mechanical Plant (UOMZ). The rating reflects our view of UOMZ's relatively limited scope of operations and weak liquidity position. The outlook is stable because we believe UOMZ will be able to refinance or roll over its existing short-term debt as it comes due and maintain its sole-supplier status among its main customers in the defense industry in Russia. On May 17, 2010, Standard & Poor's Ratings Services assigned its 'B-' long-term corporate credit rating and 'ruBBB' Russia national scale rating to Russia-based state-owned defense supplier Ural Optical & Mechanical Plant (Federal State Unitary Enterprise – Production Association; UOMZ). The outlook is stable. The rating...
Companies mentioned in this report are:
- Ural Optical & Mechanical Plant JSC
- Russian Federation
- VTB Bank JSC
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
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