Moody's rates Russian Railways Aaa.ru

Moody's Interfax Rating Agency said it has assigned an Aaa.ru national scale rating to JSC Russian Railways. Concurrently, Moody's said it has affirmed the company's existing global scale ratings, namely the A3 long-term local currency issuer rating and Baa2 long-term foreign currency issuer rating.

The outlook on the global scale ratings remains stable.

Moody's said the A3 and Baa2 global scale ratings reflect the company's global default and loss expectation, while the Aaa.ru national scale rating reflects the standing of the company's credit quality relative to its domestic peers.

As a 100% state-owned company, Russian Railways is rated in accordance with Moody's rating methodology for government-related issuers. The A3 global scale local currency issuer rating and the Aaa.ru national scale rating of Russian Railways reflect the combination of baseline credit assessment of 4, Baa2 local currency rating of the Russian government, medium dependence and high support, Moody's said.

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