S&P assigns Sibur BBB-

S&P said it assigned a BBB- rating to Sibur Holding.

“The company’s credit metrics have materially strengthened over the past three years, not least due to its very high EBITDA margins of over 35% on average,” said S&P in a news release.

“Our assessment of Sibur's business risk profile as fair incorporates the size and diversity of the group across energy and chemical products and end markets, as well as its access to competitively priced hydrocarbon feedstock in Western Siberia,” said S&P.

The outlook is stable.

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