Standard & Poor’s Affirmed IG Seismic Services Rating ‘B’; Outlook ‘Positive’
Standard & Poor’s (S&P), international rating agency, affirmed long-term corporate credit rating “В” 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, and to its subsidiary GEOTECH Seismic Services JSC. The outlook is positive.
The affirmation follows a January offer from U.C.E. Synttech Holdings Limited to buy the shares of IGSS under a mandatory offer to all shareholders. A credit rating «В» was awarded to IGSS and its subsidiary GEOTECH Seismic Services JSC in September 2013. GEOTECH Seismic Services JSC - the largest company, a member of IGSS Group, provides a wide range of services in the field of seismic data with the latest technologies and advanced equipment.
All ratings affected by this rating action can be found on the Standard & Poor's web site at www.standardandpoors.com
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