Zhaikmunai Standard and Poor's Rating Raised to B+

RNS Number : 0067L

Zhaikmunai LP

06 August 2013

 

Zhaikmunai Standard and Poor's (S&P) Rating Raised To 'B+'

on Strong Operational Track Record and Robust Credit Metrics; Outlook Stable

Amsterdam, 5 August 2013 - Zhaikmunai L.P. (LSE: ZKM) ("Zhaikmunai"), the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, today reports that Standard & Poor's Ratings Services raised its long-term corporate credit rating to 'B+' from 'B'. The outlook is stable. S&P also raised the issue ratings on Zhaikmunai's senior secured notes to 'B+' from 'B'.

FULL RELEASE

The full press release is available on the following link:

http://ratings.standardandpoors.com/corporates/EMEA-Commodities.html

Further information

For further information please visit www.zhaikmunai.com

Further enquiries

Zhaikmunai LP - Investor Relations

Bruno G. Meere

Kirsty Hamilton-Smith

[e-mail]                         + 31 20 737 2288

Deutsche Bank                                                          + 44 (0) 207 545 8000

Ben Lawrence

JM Hafner

Rob Abbott

VTB Capital plc                                                          + 44 (0) 203 334 8000

Alexander Metherell

Marcus Brown

Giles Coffey

College Hill                                                                + 44 (0) 207 457 2020

David Simonson

Catherine Wickman

Anca Spiridon

About Zhaikmunai

Zhaikmunai is an independent oil and gas enterprise currently engaging in the production, development and exploration of oil and gas in north-western Kazakhstan. Its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (Ticker symbol: ZKM). Zhaikmunai's principal producing asset is the Chinarevskoye field, in which it holds a 100% interest and is the operator, through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Zhaikmunai holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are approximately 60 and 120 kilometres respectively from the Chinarevskoye field.

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Partnership or its officers with respect to various matters. When used in this document, the words "expects," "believes," "anticipates," "plans," "may," "will," "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.

Deutsche Bank

Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervisory Authority) and authorised and subject to limited regulation by the Financial Conduct Authority (the "FCA"). Details about the extent of Deutsche Bank AG's authorisation and regulation by the FCA are available on request.

VTB Capital

VTB Capital Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

 

END

 

 

MSCSSSEDIFDSEFA