S&P ups LenSpecSMU outlook to positive

Standard & Poor's said it revised its outlook on CJSC SSMO LenSpecSMU to positive from stable.

The B long-term and B short-term corporate credit ratings were affirmed, the agency said, noting that at the same time, it raised the Russia national-scale rating on LenSpecSMU to ruA from ruA-.

The national-scale rating upgrade reflects the group's improved operating performance, which helped sustain solid financial metrics, despite higher financial leverage and management's commitment to sustain these metrics over the medium term, which could lead to a future upgrade of the global-scale rating, the agency added.

© 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.