26 June 2018
Fitch raises rating of PJSC Kazanorgsintez up to Level B+
Fitch Ratings raised long-term issuer default rating (IDR) of PJSC Kazanorgsintez from Level В up to Level В+. Rating outlook is Stable. Fitch as well confirmed short-term IDR of PJSC Kazanorgsintez on Level B. According to the rating agency official statement, the rating increase results from the clarification of the scope of planned projects on expansion of activities within the next three years; and the rating increase is as well conditioned by the agency opinion that PJSC Kazanorgsintez will follow conservative financial profile.