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OMV AG — Capital/Financing Update 2008
Sep 1, 2008
751_iss_2008-09-01_169e7ada-6192-4dbc-bba5-8504e79cc093.pdf
Capital/Financing Update
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keywords: other/Ratings/OMV / Rating
euro adhoc: OMV Aktiengesellschaft / other / OMV obtains credit ratings
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
01.09.2008
OMV now rated by Moody´s Investors Service with "A3 (stable)" and by FitchRatings with "A- (stable)"
OMV Aktiengesellschaft, the leading oil and gas group in Central Europe, today announced the release by Moody´s and Fitch of its corporate credit ratings for the first time.
Moody´s has assigned OMV a senior unsecured issuer rating of "A3" while Fitch has assigned an issuer default rating of "A-", thereby underpinning OMV´s strong credit quality. The outlook of both ratings is stable. This is the first time that either agency has assigned a credit rating to OMV.
David C. Davies, CFO of OMV said: "Maintaining a strong investment grade credit profile has always been a key strategic objective for OMV. The strong credit profile confirmed by Moody´s and Fitch reflects the Group´s commitment to capital discipline, whilst successfully implementing our growth strategy."
The ratings underpin OMV´s strong positioning in the fast-growing Central and Eastern European downstream market due to its leading position in its core area of the Danube Basin, where it owns interests in five refineries and holds a 20% market share in marketing.
For more information on OMV´s ratings please refer to the separate publications released by the rating agencies today which will shortly be available on our homepage www.omv.com > Investor Relations > OMV Share & Bonds.
Further inquiry note: OMV Investor Relations: Ana-Barbara Kuncic Tel. +43 1 40 440-21443; e-mail: [email protected] Press: Bettina Gneisz-Al-Ani Tel. +43 1 40 440-21660; e-mail: [email protected] Thomas Huemer Tel. +43 1 40 440-21660; e-mail: [email protected]
Internet Homepage: http://www.omv.com
| emitter: | OMV Aktiengesellschaft Otto-Wagner-Platz 5 A-1090 Wien |
|---|---|
| phone: | +43 1 40440/21600 |
| FAX: | +43 1 40440/29496 |
| mail: | [email protected] |
| WWW: | http://www.omv.com |
| sector: | Oil & Gas - Downstream activities |
| ISIN: | AT0000743059 |
indexes: stockmarkets: language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service