Moody's assigns Russian Railways bonds Baa1

Moody's Investors Service said it assigned a Baa1 rating with a stable outlook to Russian Railways JSC's outstanding issuances of ruble-denominated domestic bonds.

The agency said the Baa1 rating assigned to the bonds is equivalent to the senior unsecured issuer rating of Russian Railways and its other outstanding senior unsecured debt instruments rated by Moody's.

Moody's said the Baa1 rating reflects the assumption that the bonds rank pari passu with Russian Railways' other unsecured and unsubordinated financial indebtedness.

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