HMS Group: Fitch affirms B+ (Stable)

HMS Hydraulic Machines & Systems Group plc (the "Company", and together with its subsidiaries, the "HMS Group")

Fitch Affirms HMS Group Rating of "B+" and Stable Outlook

Moscow, Russia

July 28, 2020

HMS Group (LSE: HMSG) announces today that Fitch Ratings affirms JSC HMS Group's Foreign- and Local-Currency Issuer Default Ratings (IDR)s of "B+", the outlook "Stable". The rating reflects HMS' "forecast sustainable operating performance supported by the healthy order book, leading market position, strong customer base, comfortable liquidity and an expected gradual oil price recovery in the medium term."

The full text of Fitch's press release is available on the agency's website.

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About HMS Group

HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group's products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).

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