Fitch upgrades Rosagroleasing

Fitch Ratings said it upgraded Rosagroleasing's long-term issuer default rating to BB+ from BB affirmed PJSC State Transport Leasing Co.'s long-term issuer default rating at BB+.

The upgrade reflects Fitch's optimistic view of the company's continued strong performance in strengthening its policy role in supporting the Russian agricultural sector through affordable leasing products, including those issued to support the sector during the peak of the pandemic crisis.

“We believe RAL's leading position in agricultural equipment leasing, as well as steady government ordinary capital support underline the growing importance of RAL and its policy role to the state,” Fitch said in a press release.

The outlooks are stable.

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