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Press-releases

16.06.2011

STANDARD & POOR’S ASSIGNS HMS GROUP WITH CORPORATE RATING OF ВВ-

HMS Group (LSE: HMSG), the leading pump manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces that the Company has been assigned with a 'BB-' long-term corporate credit rating by Standard & Poor's Ratings Agency (S&P).  S&P has also assigned the Company with a 'ruAA-' Russia scale national rating with a stable outlook. 

In its report, S&P highlights the following HMS Group’s strengths: 

  •   Leading positions in Russian pumps markets, which boast strong growth prospects; 
  •   Steadily improving profitability; 
  •   Solid capital structure following the February 2011 IPO and debt repayments. 

Artem Molchanov, Managing Director (CEO) of the Company, commented: “We are pleased to have the endorsement of a top rating agency in Standard & Poors, who recognizes that the Group is following an appropriate strategy and that they expect us to continue to benefit from strong market demand in Russia, which will in turn see a renewal in our order backlog, and see the HMS Group maintain its healthy margins. Despite the Group’s aggressive M&A and organic growth plans, we are set to follow our prudent financial management strategy going forward”.   

For further information, please contact: 

HMS Group
Tel: +7 (495) 730-66-01
Inna Kelekhsaeva, Extension – 1318
kelekhsaeva@hms.ru 
Nozima Karimova, Extension – 1517 
karimova@hms.ru


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