Fitch confirms rating of Alliance Oil at the level “B”, the forecast is stable

The international rating agency Fitch has confirmed the long-term issuer default rating of Alliance Oil at the level “B”, the forecast is stable, the agency reports.

Besides, the short-term issuer default rating of the oil company at the level “B”, senior unsecured rating at the level of «B»/»RR4″ and national long-term rating at the level «BBB(rus)» were confirmed.

The ratings reflect the limited scale of the company, its centric business-model, a potential increase of capital expenditures and leverage within the implementation of the organic growth strategy, the release says.