February 12, 2014. The rating agency «Expert RA» confirmed the credit rating (long-term creditworthiness) of OJSC United Heavy Machinery Plants (Uralmash-Izhora Group, now known as OMZ) at level «A» (high creditworthiness level) with a sub-level of «first» and an outlook of «stable». When conducting the rating analysis of the company, the positive factors distinguished by agency analysts included the moderately high level of liquidity (as of 30.06.2013 the absolute, quick and current liquidity ratios were 0.16, 0.92 and 1.25, respectively) and the growth of company capital (as a result of additional stock issue and a positive financial result for the 1st half of 2013, capital grew from 11.4 billion rubles to 15.65 billion rubles). «Company business includes 4 areas of activity, the largest being nuclear equipment, which provided for 35% of revenues for the first 6 months of 2013. This moderately high diversification of business activities reduces dependency on the prospects and dynamics of just one market, thereby having a positive influence on the rating», noted Pavel Mitrofanov, Corporate Rating Director of Expert RA. Other positive factors of the company include secure market positions, high diversification of revenues and payables, and high-quality of receivables. It is also distinguished by positive factors such as its moderately low percentage of pledged property, moderately high geographical diversification, high level of insurance coverage, and high level of data transparency.

July 23, 2013. The rating agency «Expert RA» confirmed the credit rating (long-term creditworthiness) of OJSC United Heavy Machinery Plants (Uralmash-Izhora Group, now known as OMZ) at level «A» (high level of creditworthiness) with a rating outlook of «stable». When conducting the rating analysis of the company, the positive factors distinguished by agency analysts included the moderately high diversification of business lines (the results of 2012 showed that nuclear equipment was the strongest revenue- earning business line, contributing 44% of revenues), secure market positions, and a moderately high level of liquidity. «Due to the additional stock issuance, 10.2 billion rubles were brought in, and this was with company capital of 11.4 billion rubles as of 31.12.2012 according to consolidated IFRS reporting. This issuance resulted in an increase of the controlling owner's share of capital. This equity growth makes a positive impact on the financial stability of OMZ, which improves the rating», pointed out Pavel Mitrofanov, Head of the Department of Corporate and Investment Ratings of Expert RA. The company's other positive factors include its broad geographical presence, high diversification of revenues, and high level of insurance coverage.

January 17, 2012. The rating agency «Expert RA» confirmed credit status of OAO OMZ Group at Level A (high level of credit status). Among the factors that had a positive effect on the rating, agency analysts attributed the growth of OMZ capital 46% during the period from December 31, 2008 to June 30, 2011, and the growth of net assets and a positive net working capital of the company. «It should be noted that the OMZ is moving toward reducing the debt burden, as well as plans to obtain a positive net profit in 2011. In the medium term financial stability of OMZ is likely to increase», - says head of corporate and investment ratings department at Expert RA Pavel Mitrofanov. Analysts also noted the quality of organization of risk management system, strong market position and high level of the company’s information transparency.

August 24, 2009. The rating agency "Expert RA" has assigned A Credit Rating to OMZ OJSC (Uralmash-Izhora Group). The A level means High Level of Creditworthiness. The agency's experts refer to a high probability of support of the company by Gazprombank, OMZ's owner, as to a factor which contributed to the rating assignment. Another aspect is inclusion of OMZ into the list of Russia's strategic enterprises approved by the Governmental Commission for Increase of Russian Economics Stability. This development allows the company to count on the state support. Moreover the company's markets are traditionally stable as financial crisis did not make its negative impact on them. Pavel Mitrofanov, Head of Investment Ratings, Expert RA, says: «Given current uncertain situation in a hydrocarbon fuel market we can say that now many countries are focused on nuclear energy sector. It led to increase of demand for OMZ products and to 22% revenue growth in 2008». Among other positive factors which were taken into consideration by the agency were its insignificant debt burden, high level of the corporate governance and information transparency.

July 21, 2009. Standard & Poor’s, an international rating agency, has raised OMZ's long term international scale credit rating from CCC+ to B- and Russia national scale rating from ruB to ruBBB. Standard & Poor’s points out that negative impact of business and financial risks are compensated to some extent by the apparent willingness of Gazprombank OJSC, the group's major shareholder, to provide financial support, and by OMZ's leading position in nuclear power equipment and large and extra-large semi-finished metallurgical products in Russia and the CIS. Another compensating factor is OMZ's significant share in Russian market where most part of the group's revenues is generated. According to Standard & Poor's the outlook is stable as the rating agency believes that OMZ will be able to refinance or roll over its short-term debt maturities as they come due, despite the current credit market difficulties. The agency assumes that in this difficult situation the company will carefully manage its future strategic investments and adjust financial policies to prevent sharp increases in the group's consolidated financial leverage. Standard & Poor’s also anticipates that OMZ will manage to protect its market positions and prevent its operating margins from declining sharply.

July 18, 2006. Standard & Poor’s Ratings Services said today it affirmed its «CCC+» long-term corporate credit and «ruBB» national scale ratings on OMZ (Uralmash-Izhora Group). The ratings were removed from CreditWatch with developing implications, where they had been placed on Feb. 8, 2006, following the announced acquisition of a controlling stake in the company by a group of investors represented by Gazprombank (BB/Positive/B). The outlook is developing. «The affirmation reflects the fact that OMZ's new shareholders have not yet taken a decision about their strategy for the group’s restructuring», said Standard & Poor's credit analyst Tatiana Kordyukova. «The change in control is not, therefore, likely to have an immediate effect on the group’s credit quality».

February 08, 2006. Standard & Poor’s Rating Services said today it placed its «CCC+» long-term corporate credit and «rub» national scale ratings on OMZ (Uralmash-Izhora Group) on CreditWatch with developing implications. This follows the announced acquisition of more than 75% of the company by a group of investors represented by Gazprombank (BB/Positive/B).

May 10, 2005. Standard & Poor’s Ratings Services announced today that it affirms its «CCC+» long-term corporate credit rating on OMZ (Uralmash-Izhora Group), following a review of the company's credit profile. The outlook is positive.

November 18, 2004. Standard & Poor’s Ratings Services affirmed its «CCC+» long-term corporate credit rating on OMZ (Uralmash-Izhora Group) and removed it from CreditWatch. The outlook is stable. At the same time, Standard & Poor's affirmed its Russia national scale corporate credit and senior unsecured debt ratings on OMZ at «rub». According to S&P the resolution of the CreditWatch placement follows the refinancing of OMZ's debt due to mature at the end of 2004. The new debt repayment schedule does not imply immediate liquidity concerns, although the debt is still principally short term.

September 03, 2004. Standard & Poor’s Ratings Services announced today that it has decided to keep its «CCC+» long-term corporate credit ratings on OMZ (Uralmash-Izhora Group) on CreditWatch with negative implications, after bondholders executed the put option on Russian ruble (RUR) 220 million ($7.5 million) of OMZ's RUR900 million bond issue.

August 13, 2004. Standard & Poor’s Ratings Services announced today that it has decided to keep its «CCC+» long-term corporate credit ratings on OMZ (Uralmash-Izhora Group) on CreditWatch with negative implications, after obtaining new information on the company's liquidity position and business profile. «OMZ has confirmed that it has enough cash and committed bank lines to cover the upcoming put option of its Russian ruble bond, even if it is fully executed on Sept. 2, 2004», added Ms. Kordyukova. «Repayment or refinancing of further maturities in 2004, however, will rely on the company's success in obtaining new debt financing and releasing cash from working capital and disposals. The CreditWatch is likely to be resolved once there is clarity about the company's ability to refinance these short-term maturities».

August 02, 2004. Standard & Poor’s Ratings Services announced today that it has revised the implications of the CreditWatch status of its «CCC+» long-term corporate credit rating on OMZ (Uralmash-Izhora Group) to negative from developing, following liquidity concerns and the cancellation of the company's merger with the Russian power-generation equipment producer Power Machines OJSC (PM). At the same time, Standard & Poor's lowered its Russia national scale corporate credit and senior secured debt ratings on OMZ to «ruBB» from «ruBBB».

July 02, 2004. Standard & Poor’s Ratings Services announced today that it has decided to keep its «CCC+» long-term corporate credit rating on OMZ (Uralmash-Izhora Group) on CreditWatch with developing implications, following news that the company's merger with the Russian power-generation equipment producer Power Machines OJSC (PM) could be cancelled.

December 19, 2003. Standard & Poor’s Ratings Services announced today that it has decided to place its «CCC+» ratings on OMZ (Uralmash-Izhora Group) on CreditWatch with developing implications, following the announcement of a proposed merger with Russia-based power generation equipment producer Power Machines OJSC (PM).

June 11, 2003. Standard & Poor’s Ratings Services announced today that it has affirmed its «CCC+» long-term corporate credit rating on OMZ (Uralmash-Izhora Group), following a review of the company's credit profile. The outlook is positive. At the same time, Standard & Poor's adjusted its Russia national scale corporate credit and senior secured debt ratings on OMZ to «ruBBB-» from «ruBBB», reflecting the company's relative credit quality in the context of rated Russian issuers under the expanded Russia national scale.

March 04, 2003. Standard & Poor’s Ratings Services announced today that it has assigned its «ruBBB» Russian national scale rating to the planned senior secured bond issue by OMZ (Uralmash-Izhora Group). At the same time, Standard & Poor's affirmed its «CCC+» long-term corporate credit and «ruBBB» Russian national scale corporate credit ratings on OMZ. The outlook is positive.

October 30, 2002. Standard & Poor’s Ratings Services announced today that it has decided to raise its national scale corporate credit and senior secured debt ratings on OMZ (Uralmash-Izhora Group) to «ruBBB» from «ruBB+», following improvements in operating performance. At the same time, Standard & Poor's affirmed its triple-«C»-plus long-term corporate credit rating on OMZ. The outlook is positive.

January 29, 2002. Standard & Poor’s today assigned its triple-«C»-plus long-term corporate credit rating to OMZ (Uralmash-Izhora Group). The outlook is positive. At the same time, Standard & Poor's assigned its ru-double-«B»-plus Russian national scale corporate credit rating to OMZ. In addition, Standard & Poor's assigned its ru-double-«B»-plus rating to OMZ’s following three secured Russian ruble (RUR) bond issues.