Moody’s Investors Service confirmed TransContainer’s Ва3 rating, stable outlook
On 11 March 2015 Moody's Investors Service confirmed the Ba3 corporate credit rating of PJSC TransContainer, the outlook on the rating is stable. This decision completes the process of reviewing the credit ratings of the Company the agency launched on 23 December 2014 due to a decrease in the sovereign rating of the Russian Federation.
According to the agency’s release, TransContainer's Ba3 rating is supported by the company’s strong financial metrics, its balanced debt maturity profile, solid liquidity and capital expenditure (capex) flexibility, its low foreign currency exposure, as well as the company's leading position in the Russian rail-based Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container and its diversified customer base.
The Company's credit rating was affirmed earlier by Fitch Ratings at the level of BB+, also with a stable outlook.
Thus, despite the significant deterioration in the economic situation, the credit ratings of PJSC TransContainer were confirmed by two international rating agencies, reflecting the sustainability of the Company’s business model and its high creditworthiness.
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