VSMPO - AVISMA Corporation, being the world's largest manufacturer of titanium products has obtained 'BB+' credit rating from international credit rating agency Standard & Poor's. The outlook is «Stable».
VSMPO - AVISMA Corporation CFO Valery Borisov said: «The assigned BB+ corporate rating from the international agency acknowledges that Group VSMPO-AVISMA has stable market position among Russian and international producers of titanium products which is achieved through vertically integrated production model, balanced product mix, raw materials sufficiency, low costs and conservative risk management policy. We anticipate that assigned rating will enable VSMPO - AVISMA Corporation to enter debt capital market and expand its investor base».
ABOUT VSMPO-AVISMA CORPORATION
Public Stock Company VSMPO-AVISMA Corporation is a world's largest vertically integrated manufacturer of titanium and titanium alloy products. The Corporation also produces aluminum alloy extrusions, steel alloy and nickel-based heat-resistant alloy semi-finished products.VSMPO-AVISMA Corporation is a leader in the global market for high-tech titanium products, is deeply integrated into the global aerospace industry and is a major strategic supplier of titanium products for many companies.Products manufactured by VSMPO-AVISMA Corporation are widely used in power engineering, petrochemical industry, shipbuilding, medicine and civil engineering. The Corporation enjoys business relationships with more than 400 companies, including the world's leading aircraft manufacturers, in 50countries worldwide.
VSMPO-AVISMA Corporation
Press Center contacts:
Tel.: +7 (34345)6-00-98
pressa@vsmpo-avisma.ru
VSMPO-AVISMA Corporation
Corporate Finance and Investor Relations:
Tel.: +7 (34345)6-21-51
d.muz@vsmpo-avisma.ru
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