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«Expert RA» Rating Agency raised the rating of DeloPorts

On December 23, 2021 the Expert RA rating agency (Agency) raised up the rating of DeloPorts (stevedoring asset of Delo Group) to the ruAA-level and changed the outlook for stable.

Previously, the company had a rating of ruA with a positive outlook, which was assigned by the Agency on February 20, 2021.

Updating the rating of DeloPorts, the Agency analyzed the consolidated reporting under IFRS of Delo Group for 2020 and other factors.

The CEO of DeloPorts Igor Yakovenko, commenting on a research and conclusions of the Agency, noted: «At the beginning of the current year the growth of rating indicators was in our forecasts as company permanently develops. This summer we have completed the next cycle of the investment program- a new deep-water berth №40A was launched at the KSK grain terminal. The deep-water container berth №38 of the NUTEP terminal is fully included in the operations cycle. We are pleased to see as our predictions come true. DeloPorts has many development plans, so we will progressively move in a forward direction».

 

About the Company

DeloPorts is a holding company that owns and operates stevedore assets of Delo Group in the port of Novorossiysk. DeloPorts consolidates NUTEP Container Terminal, KSK Grain Terminal and Delo Service Company.

Delo Group is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms.

The Group's stevedoring business includes DeloPorts holding and Global Ports, a leading container terminal operator. The transport and logistics business

of the Group is made up of the multimodal transport operator Ruscon and the intermodal container operator TransContainer that owns and operates the largest fleet of containers and flatcars over the entire 1520 standard railway network.

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