Standard & Poor’s has upgraded Russian Railways’ long-term credit rating by two notches from BBB- to BBB+, the same as Russia’s sovereign rating, outlook Stable, Russian Railways reports.
Standard & Poor’s has also upgraded the Company’s rating on the Russian national scale from ruAA+ to ruAAA.
The upgrading reflects the Company’s improving financial strength and underlines the strategic, social and economic importance of Russian Railways to the country, as well as the willingness of the Russian government to support the state-owned Company financially.