Ukrzaliznytsya Received Credit Ratings of International Agencies
OREANDA-NEWS. November 15, 2012. In 2012 Ukrzaliznytsya for the first time since its creation has received international credit ratings of two major international rating agencies Fitch Ratings and Standard & Poor's Ratings Services.
Thus, this year UZ received positive rating assessment of two leading agencies, which creates favourable conditions for attracting external financial investment.
Fitch Ratings has assigned Ukrzaliznytsya a long-term rating "B-" with a stable outlook, and Standard & Poor's - long-term corporate credit rating "B-" with a positive outlook.
Long-term credit ratings assess the ability of the issuer to timely meet its debt obligations. Assigning Railways rating of "B" means that both international credit agencies have recognized it as a reliable solvent issuer.
International rating agency also indicated favourable prognosis rating change Railways in the near future. Forecast change the rating Fitch Ratings has defined as "stable" and Standard & Poor's - as "positive", indicating the real possibility of increasing the rankings.
According to international practice, international credit ratings to get to involve borrowing from foreign capital markets, as well as compliance program to reform the railway industry.
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