Oteko-Portservice receives an A credit rating

May 09 21:06 2022

One of the companies of Oteco Group Russia received an A credit rating from the National Credit Rating Agency of Russia. The Oteko-Portservice company achieved the creditworthiness indicators after launching an upgraded terminal in the port of Taman earlier this year. The company is the operator of the port of Taman, entirely funded by billionaire Michel Litvak.

The National Credit Rating agency has reached a conclusion that Oteko Group has achieved high operating margins and is capable of overcoming any market dynamics. Such indicators were made possible thanks to the company’s flexible payment terms and considerable cash flows. The company is focused on maintaining its rating and expanding the liquidity base into the future. Auch financial dynamics are vital for maintaining the company’s ongoing operations and remaining attractive for both investors and credit organizations as a reliable partner.

The extensive geography of users resorting to the services of the port of Taman, its vast range of services and high throughput capacity allow Oteko Group to access large volumes of liquidity to cover any credit lines. The presence of refined risk management mechanisms and corporate entities within the framework of the company are also rating determining factors.

Oteko Group is one of the leading companies in the south of Russia and one of the most important port operating entities. As a fully privately-funded endeavor, the port of Taman serves as a vital artery for shipments and bulk freight in the south of the country, and acts as a gateway to the Black Sea for many international shipping lanes.

Media Contact
Company Name: OTEKO Group
Contact Person: Dima Raketa
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Phone: +7 918 411 8001
Country: Russian Federation
Website: https://www.oteko.ru