Moody's: Russian Railways positive

Moody's Investors Service said it changed the outlook to positive from stable on the Baa3 long-term unsecured issuer rating of Joint Stock Co. Russian Railways.

The outlook change follows Moody's decision to change the outlook on Russia's Baa3 foreign and local currency debt ratings, since the unsecured long-term issuer rating of Russian Railways is predicated upon the strong link between the Russian Railways and the Russian state.

The rating agency said that the positive outlook change on Russia followed improved macroeconomic fundamentals.

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