Moody's ups Russian Railways

Moody's Investors Service said it has upgraded the ratings of Russian Railways following an earlier decision by Moody's to upgrade Russia's long-term ratings and foreign-currency country ceiling to Baa2, with a stable outlook.

Ratings affected include local currency issuer rating upgraded to A3 from Baa2 and foreign currency issuer rating, constrained by the Russian foreign-currency ceiling, upgraded to Baa2 from Baa3.

The outlook is stable.

Moody's said the upgrade solely reflects the impact of the sovereign ratings upgrade.

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