Fitch Ratings international rating agency has affirmed the credit rating of Ukrzaliznytsia JSC (Ukrainian railways) at B and improved the rating outlook from stable to positive.
The improvement of Ukrzaliznytsia’s credit rating forecast became possible after the forecast of Ukraine’s sovereign rating was changed from “Stable” to “Positive.”
“One of the priority tasks is to bring Ukrzaliznytsia to the highest level of trust among international partners. To this end, we will work to reduce the company’s loan portfolio and increase Ukrzaliznytsia’s revenue base,” said Acting Chairman of the Board, Oleksandr Kamyshin.
In July, Fitch Ratings affirmed Ukrzaliznytsia’s credit rating at B with a Stable Outlook, removing it from the Rating Watch Negative (RWN). (Ukrinform/Business World Magazine)