Rating outlook is stable

IBI-Rating announces the confirmation of the credit rating of PJSC «Novotroitske Mines Management» at the level uaA, with «stable» outlook.

Confirmation of credit rating is due to the persistence of the key factors that were recorded by the rating agency earlier. PJSC «Novotroitske Mines Management» maintains a strategic importance for the country and holds a leading position in the Ukrainian market of fluxing limestone extraction. The demand for the products of PJSC «Novotroitske Mines Management» depends on the situation in the steel industry. The unfavorable market conditions in the analyzed period led to a decrease in production and sales, in accordance impact on financial results. In this case, the debt burden PJSC «Novotroitske Mines Management» is low, and liquidity - acceptable. The concentration in two major customers maintains. Also IBI-Rating points information openness and transparency of PJSC «Novotroitske Mines Management».

Factors maintaining credit rating: increase in sales volume by maintaining high performance indicators, market expansion. Factors constraining credit rating: reduced performance indicators, rising debt burden, deteriorating economic situation in the country and the world.

Analytical research used materials received from PJSC «Novotroitske Mines Management», including: financial statements for 9 months 2013, information on the activities of PJSC «Novotroitske Mines Management», other necessary internal information, expectations IBI-Rating, as well as information from public sources that rating agency considers reliable.