S&P upgrades ratings of NCSP from BB to BB+ with a stable outlook
NCSP Group (LSE: NCSP, MOEX: NMTP) announces that S&P Global Ratings (S&P) upgraded the long-term credit ratings of PJSC Novorossiysk Commercial Sea Port (NCSP) in foreign and national currency from BB to BB+ with a stable outlook.
- NCSP Group (LSE: NCSP, MOEX: NMTP) announces that S&P Global Ratings (S&P) upgraded the long-term credit ratings of PJSC Novorossiysk Commercial Sea Port (NCSP) in foreign and national currency from BB to BB+ with a stable outlook.
- S&P experts expect that the volume of oil transshipments through NCSP ports will increase in 2021, as demand grows amid increased economic activity.
- PJSC NCSP is traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP).
- NCSP Group comprises PJSC NCSP, Primorsk Trade Port LLC, JSC Novorossiysk Ship Repair Yard, SC NCSP Fleet, JSC NLE, IPP LLC, Baltic Stevedore Company LLC, and JSC SFP.