Source Pravda.Ru

Russian Railroads to get BB credit rating

Russian Railroads estimates its credit rating to be assigned to be consistent with the BB category, its vice-president Fyodor Andreyev declared. According to him, analysts predict that the Russian Railroads` credit rating will be consistent with the sovereign rating of Russia (BB+) or one notch below.

After preliminary talks with the Standart&Poor's rating agency the company hopes to get a ээ rating, which is currently assigned to only one Russian company, namely Transneft. Moody`s estimates the company's credit rating of эр2. "Earlier we hoped to get a rating equal to that of Gazprom and now we are revising our estimates," Andreyev stressed.

The company hopes the rating will be assigned this June.