RAEX Rating Agency (Expert RA) assigned PJSC TransContainer national credit rating ruАA+ with stable outlook
On June 4, 2017 RAEX Rating Agency (Expert RA) assigned TransContainer non-financial company national credit rating ruАA+. The rating outlook is stable.
The agency points out leading position of the company at the Russian 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 transportation market, diversified sales and distribution structure and its stable financial state.
According to the agency the company will continue to ensure high level of profitability which will be supported by low level of empty running and platforms short turn-around time.
The agency points out low level of corporate risks appropriate for the company in connection with sufficiently concentrated property structure, high standard corporate management and high quality risk management.
PJSC TransContainer’s national credit rating is only one level lower than sovereign rating of the Russian Federation. To recap, Moody’s Investors Service has already assigned PJSC TransContainer credit rating Ва3 and Fitch Ratings – BB+ with stable outlook.
2017 Annual Report
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