S&P rates Alliance Oil B+

Standard & Poor's said it assigned its B+ long-term corporate credit and ruA+ Russian national scale ratings to Alliance Oil Co. Ltd.

The outlook is stable.

The ratings reflect an assessment of the company's business risk profile as weak and financial risk profile as aggressive, S&P said.

Risks include the company's position as a midsize Russian oil producer and refiner in a cyclical and volatile oil industry, the agency said, and the substantial capital expenditures needed to develop its oilfields and modernize its downstream assets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.