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Russian Heavy Engineering Company OMZ Suspended Ratings Withdrawn At Issuer's Request

July 13, 2012 Standard & Poor's
Primary Credit Analyst: Abigail A Klimovich, CFA, London, (44) 20-7176-3554; abigail_klimovich@standardandpoors.com
Secondary Contact: Anna Stegert, Frankfurt, (49) 69-33-999-128; anna_stegert@standardandpoors.com
Additional Contact: Industrial Ratings Europe; CorporateFinanceEurope@standardandpoors.com

LONDON (Standard & Poor's) July 13, 2012--Standard & Poor's Ratings Services said today that it withdrew its long-term corporate credit rating and its national scale rating on Russia-based heavy engineering holding company OMZ, which had previously been suspended.

We have withdrawn the ratings at the issuer's request. We had previously suspended the ratings on OMZ on June 15, 2012, due to the continued lack of satisfactory and timely information that prevented us from adequately assessing the company's true financial condition, including its current liquidity position, and thus its credit quality. The OMZ group last published detailed consolidated financial information under International Financial Reporting Standards in May 2012 for the year ended Dec. 31, 2011.
Company — UHM
  • Full name
    UHM (United Heavy Machinery) (Uralmash-Izhora Group) PJSC
  • Registration country
    Russia
  • Industry
    Miscellaneous Machinery and Industrial Equipment