Moody's rates Russian Railways bond Baal

Moody's Investors Service said it assigned a Baa1 rating with a stable outlook to Russian Railways JSC's RUB10 billion issuance of a series 32 20-year domestic bond.

The agency said the rating is equivalent to the senior unsecured issuer rating of Russian Railways and the other outstanding senior unsecured debt instruments rated by Moody's.

The agency said the Baa1 rating reflects Moody's assumption that the bond ranks pari passu with Russian Railways' other unsecured and unsubordinated financial indebtedness.

© 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.