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Zhaikmunai Standard and Poor's Rating Raised to B+

Aug 6 2013 12:00AM

Marketwire

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AMSTERDAM, THE NETHERLANDS -- (Marketwired) -- 08/06/13 --

Zhaikmunai Standard and Poor's (S&P) Rating Raised To 'B+' on Strong Operational Track Record and Robust Credit Metrics; Outlook StableAmsterdam, 5 August 2013 - Zhaikmunai L.P. (LSE: ZKM) ("Zhaikmunai"),the oil and gas exploration and production enterprise with assets innorth-western Kazakhstan, today reports that Standard & Poor's RatingsServices raised its long-term corporate credit rating to 'B+' from 'B'.The outlook is stable. S&P also raised the issue ratings onZhaikmunai's senior secured notes to 'B+' from 'B'.FULL RELEASEThe full press release is available on the following link:http://ratings.standardandpoors.com/corporates/EMEA-Commodities.htmlFurther informationFor further information please visit www.zhaikmunai.comFurther enquiriesZhaikmunai LP - Investor RelationsBruno G. MeereKirsty Hamilton-Smithinvestor_relations@zhaikmunai.com + 31 20 737 2288Deutsche Bank + 44 (0) 207 545 8000Ben LawrenceJM HafnerRob AbbottVTB Capital plc + 44 (0) 203 334 8000Alexander MetherellMarcus BrownGiles CoffeyCollege Hill + 44 (0) 207 457 2020David SimonsonCatherine WickmanAnca SpiridonAbout ZhaikmunaiZhaikmunai is an independent oil and gas enterprise currently engagingin the production, development and exploration of oil and gas innorth-western Kazakhstan. Its Global Depositary Receipts (GDRs) arelisted on the London Stock Exchange (Ticker symbol: ZKM). Zhaikmunai'sprincipal producing asset is the Chinarevskoye field, in which it holdsa 100% interest and is the operator, through its wholly-ownedsubsidiary Zhaikmunai LLP. In addition, Zhaikmunai holds a 100%interest in and is the operator of the Rostoshinskoye, Darinskoye andYuzhno-Gremyachenskoye oil and gas fields. Located in the pre-Caspianbasin to the north-west of Uralsk, these exploration and developmentfields are approximately 60 and 120 kilometres respectively from theChinarevskoye field.Forward-Looking StatementsSome of the statements in this document are forward-looking.Forward-looking statements include statements regarding the intent,belief and current expectations of the Partnership or its officers withrespect to various matters. When used in this document, thewords"expects,""believes,""anticipates,""plans,""may,""will,""should"and similar expressions, and the negatives thereof, are intended toidentify forward-looking statements. Such statements are not promisesor guarantees, and are subject to risks and uncertainties that couldcause actual outcomes to differ materially from those suggested by anysuch statements.Deutsche BankDeutsche Bank AG is authorised under German Banking Law (competentauthority: BaFin - Federal Financial Supervisory Authority) andauthorised and subject to limited regulation by the Financial ConductAuthority (the "FCA"). Details about the extent of Deutsche Bank AG'sauthorisation and regulation by the FCA are available on request.VTB CapitalVTB Capital Plc is authorised by the Prudential Regulation Authorityand regulated by the Financial Conduct Authority and the PrudentialRegulation Authority. This information is provided by RNS The company news service from the London Stock ExchangeEND





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Source: Marketwire


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