S&P boosts Russian Railways

Standard & Poor's said it raised its long-term corporate credit rating on Russian Railways (JSC) to BBB+ from BBB-.

The outlook is stable.

At the same time, the Russia national-scale rating on RZD was raised to ruAAA from ruAA+, the agency said, noting that all ratings were removed from CreditWatch, where they had been placed with positive implications on Nov. 15.

S&P said that the upgrade reflects the increased probability of extraordinary government support to the company in case of financial distress and follows a review of Russian government influence on government-related entities.

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