Trans-Oil Group Achieves Credit Rating Upgrade to ‘B’ by S&P Global Ratings

Trans-Oil Group Achieves Credit Rating Upgrade to ‘B’ by S&P Global Ratings

02.12.2024

Trans-Oil Group, a leading agribusiness and logistics operator in Central and Eastern Europe, is pleased to announce that S&P Global Ratings has upgraded the Group’s long-term issuer credit rating from ‘B-’ to ‘B’, with a stable outlook. This milestone underscores Trans-Oil Group’s robust financial performance and strategic achievements in the agribusiness sector.

The rating upgrade reflects the successful issuance of $550 million in senior secured notes, maturing in November 2029. This transaction has enabled the Group to fully refinance its $500 million senior notes due in April 2026, significantly reducing near-term refinancing risks and showcasing the Group’s strong access to debt capital markets.

Despite market volatility and challenging harvest conditions in some regions, the Group’s well-placed assets and strategic geographical presence, including Moldova, Serbia, and Romania, continue to drive its performance.

Mr. Vaja Jhashi, CEO of Trans-Oil Group, stated:

“This upgrade is a testament to our team’s unwavering commitment to operational excellence and strategic growth. It reaffirms our position as a reliable partner in the agribusiness sector while strengthening our ability to serve customers across key markets.”

Looking ahead, S&P expects Trans-Oil Group to maintain its stable performance, leveraging its strategic asset base and growing global footprint. The Group remains focused on fostering resilience through investments in modernization and diversification, enhancing its capacity to navigate market dynamics effectively.

About Trans-Oil Group:

Trans-Oil Group is a leading agri-commodities trader and logistics provider in the Black Sea region, specializing in the procurement, processing, and marketing of grain and oilseed products. With a vertically integrated business model that includes crushing plants, storage facilities, and logistics infrastructure, Trans-Oil delivers quality and value to its global partners. The Group is dedicated to sustainable practices and operational excellence, driving economic impact across the regions it serves.