Pacific Petroleum Transportation Joint Stock Company
About the Issuer
Rating Results
Credit Opinion
If PVP demonstrates a sustained strengthening of its credit profile, reflected in a meaningful strengthening of profitability following fleet expansion or the successful development of new services. An upgrade would likely require sustained improvement in profitability, leverage, and coverage metrics, such as Debt/EBITDA sustainably below 2.0x, EBIT/interest expense above 10.0x, and CFO/debt above 40%.
If PVP’s credit metrics weaken materially, for example, due to a severe downturn in global tanker demand, and significantly weaker fleet utilization and operational efficiency. Downside triggers include, for example, EBITDA margin below 25%, Debt/EBITDA above 3.8x, EBIT/interest expense below 4.0x, or CFO/Debt below 24%.
Issuer analysis reports
Rating Results
Second Party Opinion
List of Second Party Opinions (SPO) published by VIS Rating for PVP.
VIS Rating has not issued a Second Party Opinion for this company
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