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Fitch and Expert RA Affirm HMS Group Ratings and Stable Outlook

·2-min read

HMS Group (HMSG)
19-Jul-2021 / 12:13 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

HMS Hydraulic Machines & Systems Group plc z
(the "Company", and together with its subsidiaries, the "HMS Group")

 

Fitch and Expert RA Affirm HMS Group Ratings and Stable Outlook

 

Moscow, Russia

July 19, 2021

 

 

HMS Group (LSE: HMSG) announces today that Fitch Ratings affirms JSC HMS Group's Ratings (IDR)s at "B+" with the outlook "Stable" and Expert RA affirms at "ruA-" with the outlook "Stable".

 

The Fitch rating reflects HMS' "leading market position, strong customer base, albeit less diversified than peers', moderate profitability and comfortable liquidity position." Expert RA makes a point that unlike oil service companies HMS' activity doesn't carry excess force majeure risk that refers to manufacturing, and the Group forecasts its costs more precisely.  The credit rating agency believes that a growth of HMS' backlog makes it count on a further improvement of the company's financial results aligned with the corresponding reduction of the net debt ratio below 2.5x.

 

The full text of Fitch's press release is available on the agency's website.

The full text of Expert RA's press release in Russia is available on the agency's website.

 

For more information, please, contact:

Capital markets, on telephone: +7 (495) 730-6601, or email: capital-markets@hms.ru

 

About HMS Group

HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group's products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).

 

Press Release Information Accuracy Disclaimer

Information published in press releases was accurate at the time of publication but may be superseded by subsequent releases or other information.

 

 


ISIN:

US40425X4079

Category Code:

MSCH

TIDM:

HMSG

LEI Code:

254900DDFETNLASV8M53

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

117917

EQS News ID:

1219858


 

End of Announcement

EQS News Service

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