• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Russian Shipping Company Sovcomflot Assigned Investment-Grade 'BBB-/ruAAA' Ratings; Outlook Stable Jun 11 Product Image

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

  • Published: June 2011
  • Region: Russia
  • Standard & Poors

FEATURED COMPANIES

  • AO Sovcomflot
  • Russian Federation
  • MORE

Abstract
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 READ MORE >

- AO Sovcomflot
- Russian Federation

Note: Product cover images may vary from those shown

RELATED PRODUCTS