Russian Ship Operator AO Sovcomflot Outlook Revised To Negative On Weaker Cash Flows, 'BBB-' Rating Affirmed Jan 12
- Language: English
- Published: January 2012
- Region: Russia
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
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Research type: News
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