Moody’s Affirms Globaltrans’s Ba3 Rating with Positive Outlook
OREANDA-NEWS. Globaltrans Investment PLC (“the Company” or together with its consolidated subsidiaries “Globaltrans” or “the Group”) (LSE ticker: GLTR) announces that Moody’s Investors Service has affirmed the Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR) of Globaltrans Investment PLC. The outlook on the ratings is positive. Concurrently, Moody’s has affirmed the B1 senior unsecured ratings assigned to the domestic bond issues by New Forwarding Company, a 100% subsidiary of Globaltrans, and guaranteed by Globaltrans, with a loss given default (LGD) assessment of LGD5/81%.
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