Expert RA rating agency has confirmed EnergoTechService credit rating

Expert RA rating agency has confirmed EnergoTechService creditworthiness rating at ruA- level with a stable outlook. The press release was published on agency's website on February 17, 2023. EnergoTechService credit rating has remained unchanged since 2021, despite the global economy turbulence provoked by COVID-19 pandemic and significant changes in international context.

In accordance with non-financial companies national rating scale, ruA- rating level reflects a high level of creditworthiness, financial reliability and stability: in short term, the company is highly likely to ensure timely fulfillment of all financial obligations, both current and arising in course of activities. A stable outlook confirms that credit rating will remain at its current positions in medium term — on 12 months horizon.

Expert RA analysts conducted a fundamental analysis of distributed energy industry indicators and EnergoTechService business profile. They noted company's order portfolio comfortable volume, low fixed assets depreciation degree and lack assets concentration, which provide a positive impact on company's stability and business continuity.

For the first time, Expert RA published an assessment of our rating on February 20, 2021 and confirmed it exactly a year later — on February 18, 2022. EnergoTechService is the only distributed energy company on associated petroleum gas in Russia with a public credit rating.

See details: https://www.raexpert.ru/releases/2023/feb17b

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