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S&P affirms IGSS "B". Outlook "Positive"

5 Feb 2014 08:29

RNS Number : 3394Z
IG Seismic Services PLC
05 February 2014
 



 

IG Seismic Services PLC

 

STANDARD AND POOR`S AFFIRMED IG SEISMIC SERVICES RATING 'B'; OUTLOOK 'POSITIVE'

 

 

Moscow, 5 February 2014

 

 

Standard & Poor's (S&P), international rating agency, affirmed 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 JSC. The outlook is positive.

The affirmation follows a January offer from U.C.E. Synttech Holdings Limited to buy the shares of IGSS under a mandatory offer to all shareholders.

A credit rating «В» was awarded to IGSS and its subsidiary GEOTECH Seismic Services JSC in September 2013. GEOTECH Seismic Services JSC - the largest company, a member of IGSS Group, provides a wide range of services in the field of seismic data with the latest technologies and advanced equipment.

 

All ratings affected by this rating action can be found on the Standard & Poor's web site atwww.standardandpoors.com

 

 

Contacts

 

For further information please visit www.igseis.com or contact:

 

IGSS Investor Relations

Olga Popova 

+ 7 495 580 7882 ext. 129

o.popova@igseis.com

 

IGSS Media Relations

Victoria Smirnova

+ 7 495 580 7882 ext. 396

v.smirnova@igseis.com

 

 

This document may contain "forward-looking statements" which include all statements other than statements of historical fact. Such forward-looking statements can often be identified by words such as "plans", "expects", "intends", "estimates", "will", "may", "continue", "should" and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the IG Seismic Services PLC's (the "Company") control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as at the date as of which they are made, and neither the Company, nor any of its respective agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. The information and opinions contained in this document are provided as at the date of this document or as otherwise specified herein and are subject to change without notice.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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