Last checked at 25 Jul 2016 16:26
IG Seismic Services PLC
STANDARD AND POOR`S ASSIGNED RATING "B-" TO IG SEISMIC SERVICES,
OUTLOOK NEGATIVE
Moscow, 25 July, 2016
Standard and Poor's (S&P), one of the most influential rating agencies in the world, assigned a long-term corporate credit rating "В-" to IG Seismic Services PLC (LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally, and to its subsidiary GEOTECH Seismic Services, outlook "negative". S&P also assigned "ruBBB-" Russia national scale rating to GEOTECH Seismic Services, outlook "negative".
22 July, 2016 S&P assigned "B-" rating to IGSS and its subsidiary GEOTECH Seismic Services, outlook "negative". S&P also assigned "ruBBB-" Russia national scale rating to GEOTECH Seismic Services, outlook "negative".
S&P placed both global and national ratings on CreditWatch with negative implications. CreditWatch could be resolved in mid-September, once there is information regarding the refinancing of bonds.
All ratings affected by this rating action can be found on the Standard & Poor's web site at www.standardandpoors.com.
Contacts
For further information please visit www.igseis.com or contact:
IGSS Investor Relations
+ 7 495 580 7882
query@igseis.com
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