Moody’s Assigns IG Seismic Services “B2” Rating; Stable OutlookMoody’s Investor Service, one of the most influential rating agencies in the world, has today assigned a 'B2' corporate family rating to IG Seismic Services PLC (LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally. The managing company for IGSS assets is GEOTECH Holding CJSC. The outlook is stable. This is the first time Moody’s has assigned ratings to IGSS.
A credit rating "B2" represents Moody’s opinion on the company’s current creditworthiness.
According to Moody’s, the stable outlook reflects expectation that IGSS’s market will continue to demonstrate healthy growth, and the company will adhere to conservative financial and liquidity management policies.
Analysts do not exclude the possibility of upgrading the company’s credit rating in the near future.
Ratings information can be found on Moody's Web site at www.moodys.com
GEOTECH Holding is owned by IG Seismic Services PLC (IGSS), and is the managing company for IGSS’ assets. In its present form. IG Seismic Services is a synergistic union of operating seismic companies, previously incorporated in Integra. GEOTECH HOLDING CJSC is the largest Russian land and transition-zone seismic exploration company, providing services for high quality seismic data acquisition, processing and interpretation to oil and gas companies primarily in Russia and the CIS.