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Bulletin: Ratings And Outlook On Russian Railways (JSC) Unchanged After State's Capital Infusion Feb 07
Standard & Poors, Feb 2007
Abstract
MOSCOW (Standard & Poor's) Feb. 22, 2007--Standard & Poor's Ratings Services said today that its ratings and outlook on Russian Railways (JSC) (RZD; BBB+/Stable/--; Russia national scale 'ruAAA') are unchanged following the Russian government's decision to transfer the stakes that it held in various companies to RZD's capital. This decision, in line with Russian government policy, has already been factored into the ratings. On Feb. 15, 2007, the Russian president signed a decree contributing to RZD's equity a 75% stake in TransCreditBank (BB-/Positive/B), a 50% stake in Railways of Yakutia, a 100% stake in the newspaper Gudok, and an 87.4% stake in JSC High-Speed Railways. We expect the transaction to be completed in the next four-five months....
Companies mentioned in this report are: Russian Railways (JSC),TransCreditBank
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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