S&P upgrades Ukrzaliznytsia to 'CCC+' on improved liquidity, outlook stable.

The international rating agency Standard & Poor's has upgraded the credit rating of JSC Ukrzaliznytsia to 'CCC +' on improved liquidity, the outlook is stable.

As the press service of Ukrzaliznytsia reported with reference to the agency on Thursday, this decision is primarily due to the successful placement of $300 million in five-year loan participation notes to refinance maturing debt and other debts.

"The stable outlook balances our view that Ukrzaliznytsia will effectively manage maturity payments in 2021-2022 with the persisting vulnerabilities to ongoing litigations, unstable operating environment, and potentially significant investment needs," S&P said.

"Another leading rating agency, Standard & Poor's, has affirmed the correct vector of the company's development. This conclusion is an important indicator of Ukrzaliznytsia's activities, which adds confidence to investors in the company's stability," the press service of the company said, citing acting Board Chairman of Ukrzaliznytsia Ivan Yuryk.

Earlier, the international rating agency Fitch confirmed the credit rating of Ukrzaliznytsia at 'B' and removed it from the Rating Watch Negative list.

Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

Related news
Ukraine keeps tenth place in world pig iron production.

Ukraine keeps tenth place in world pig iron production.

In January-August 2021, Ukraine produced 14.48 million tonnes of pig iron, taking the tenth place in the world ranking of pig iron producers, Ukrinform reports with reference to the Ukrmetalurgprom Association.

UkrInform

Melbourne earthquake – Fears BIGGER quake could hit after 6-mag tremors rock city.

Melbourne earthquake – Fears BIGGER quake could hit after 6-mag tremors rock city.

FEARS are growing that Melbourne could be rocked by an even BIGGER earthquake after the city was hit by a massive 6.0 shaker this morning. Vicky Came was making breakfast at her first floor flat in Hawthorn East which is about 10km from Melbourne'...

Prince Andrew Served With Legal Papers In Civil Lawsuit.

Prince Andrew Served With Legal Papers In Civil Lawsuit.

Prince Andrew is facing a lawsuit, accused of having sex with a minor at the home of Jeffery Epstein. NBC News’ Keir Simmons reports. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news...

Higher education liberalizes students, study finds

Higher education liberalizes students, study finds

Former professor Peter Boghossian calls universities 'indoctrination mills.' Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news ...

Ukraine: Presidential aide targeted in assassination attempt - DW News.

Ukraine: Presidential aide targeted in assassination attempt - DW News.

Multiple shots were fired at a car carrying Ukrainian President Volodymyr Zelenskyy's principal aide in a potential assassination attempt on Wednesday. The driver of the vehicle was seriously wounded in the attack, the country's interior minister ...

See what CNN reporter saw inside US air base now under Taliban control.

See what CNN reporter saw inside US air base now under Taliban control.

CNN's Nic Robertson goes inside an abandoned US air base now under Taliban control and the notorious prison that once held thousands of detainees. #CNN #News

Laundrie family's silence raises questions: 'What really is happening here?.

Laundrie family's silence raises questions: 'What really is happening here?.

Victims rights advocate Callahan Walsh argued it is 'horrible' the Laundrie family will not cooperate with police in the Gabby Petito case. #FoxNews Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (F...