Russian Shipping Company Sovcomflot Assigned Investment-Grade 'BBB-/ruAAA' Ratings; Outlook Stable Jun 11

  • ID: 1827007
  • June 2011
  • Region: Russia
  • Standard & Poors
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  • AO Sovcomflot
  • Russian Federation
  • MORE

Russian shipping company AO Sovcomflot is one of the largest operators in the cyclical and competitive tanker shipping sector. We are assigning our 'BBB-' long-term corporate credit rating and our 'ruAAA' Russia national scale rating to Sovcomflot. The stable outlook reflects our view that the company will maintain its conservative charter policy, carefully manage its expansion program, and preserve its moderate financial leverage. FRANKFURT (Standard & Poor's) June 16, 2011--Standard & Poor's Ratings Services said today it assigned its 'BBB-' long-term corporate credit rating and its 'ruAAA' Russia national scale rating to the Russian tanker shipping company AO Sovcomflot. The outlook is stable. The ratings on Sovcomflot reflect our opinion that there is a "high" likelihood that the government of...

Companies mentioned in this report are:
- AO Sovcomflot
- Russian Federation

Action: New Rating
Action: Outlook: Stable

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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- AO Sovcomflot
- Russian Federation

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