S&P ups Russian Railways outlook to stable

Standard & Poor's said it revised the outlook on Russian Railways (JSC) to stable from negative.

At the same time, the BBB long-term corporate credit and ruAAA Russia national-scale ratings were affirmed, the agency said, adding that all the issue ratings were also affirmed.

"The outlook revision follows the similar rating action on Russian Railways' sole owner, the Russian Federation (foreign currency BBB/stable/A-3, local currency BBB+/stable/A-2, Russia national-scale ruAAA)," said credit analyst Alexandre de Lestrange.

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