euro adhoc: OMV Aktiengesellschaft
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OMV obtains credit ratings
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Ratings/OMV / Rating
01.09.2008
OMV now rated by Moody´s Investors Service with "A3 (stable)" and by FitchRatings with "A- (stable)"
OMV Aktiengesellschaft, the leading oil and gas group in Central Europe, today announced the release by Moody´s and Fitch of its corporate credit ratings for the first time.
Moody´s has assigned OMV a senior unsecured issuer rating of "A3" while Fitch has assigned an issuer default rating of "A-", thereby underpinning OMV´s strong credit quality. The outlook of both ratings is stable. This is the first time that either agency has assigned a credit rating to OMV.
David C. Davies, CFO of OMV said: "Maintaining a strong investment grade credit profile has always been a key strategic objective for OMV. The strong credit profile confirmed by Moody´s and Fitch reflects the Group´s commitment to capital discipline, whilst successfully implementing our growth strategy."
The ratings underpin OMV´s strong positioning in the fast-growing Central and Eastern European downstream market due to its leading position in its core area of the Danube Basin, where it owns interests in five refineries and holds a 20% market share in marketing.
For more information on OMV´s ratings please refer to the separate publications released by the rating agencies today which will shortly be available on our homepage www.omv.com > Investor Relations > OMV Share & Bonds.
end of announcement euro adhoc
Further inquiry note:
OMV
Investor Relations:
Ana-Barbara Kuncic
Tel. +43 1 40 440-21443; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 40 440-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 40 440-21660; e-mail: thomas.huemer@omv.com
Internet Homepage: http://www.omv.com
Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 874341
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing