Trans-Oil Group Receives Conditional Rating Upgrade from S&P Global Ratings

Trans-Oil Group Receives Conditional Rating Upgrade from S&P Global Ratings

30.10.2024

Trans-Oil Group, a leader in agri-business, is pleased to announce that S&P Global Ratings has conditionally upgraded its long-term issuer credit rating from B- to B, underscoring the Group's strong financial performance and strategic positioning. This positive adjustment reflects Trans-Oil’s resilience amid market fluctuations, supported by improved operational efficiencies, reinforced balance sheets, and strategic investments.

According to S&P Global, the upgrade acknowledges Trans-Oil’s ongoing improvements in cash flow, operating margins, and diversified revenue streams, all of which contribute to the Group's financial stability. The conditional upgrade is contingent on Trans-Oil’s ability to maintain performance benchmarks and navigate potential shifts in global market conditions.

“We are honored by this recognition from S&P, which underscores our dedication to operational excellence and financial prudence,” stated Mr. Vaja Jhashi, CEO of Trans-Oil Group. “This upgrade is a testament to our resilient business model and the commitment of our team to maintaining our leadership in the agri-commodities sector.”

This milestone reinforces Trans-Oil Group’s dedication to aligning its strategic objectives with market demands, solidifying its reputation within the industry. The Group remains committed to sustainable growth while enhancing capabilities across its value chain.

For additional information on the rating and its implications, please refer to S&P Global Ratings’ full report here.

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.