Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AO Sovcomflot > News item |
Fitch upgrades Sovcomflot
Fitch Ratings said it upgraded Sovcomflot's long-term foreign-currency issuer default rating to BBB- from BB+. Fitch also boosted SCF Capital DAC’s senior unsecured notes, which Sovcomflot guarantees to BBB- from BB+.
“The upgrade reflects the reassessment of SCF's stand-alone Credit Profile (SCP) to bb+ from bb due to a strengthening of SCF's business and financial profile. This is supported by cash-flow visibility with half of total time charter equivalent (TCE) revenue coming from industrial business (LNG/LPG carrier and offshore services) with long-term contracts and creditworthy counterparties,” Fitch said in a press release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.