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Dec 15, 2017

Russian Railways assigned highest rating by RAEX (Expert RA)

The rating agency RAEX (Expert RA) has assigned Russian Railways a maximum credit rating of ruAAA level with a "stable" forecast.

The assigned rating reflects the high systemic importance of OJSC Russian Railways to the economy of the Russian Federation.

The agency’s analysts also positively assessed the Company’s level of operating profitability, its business risk profile, the high quality of corporate governance and its risk management.

Russian Railways also has a credit rating from the Russian national rating agency AKRA (JSC) at the maximum level of AAA (RU) with a "stable" outlook.

The Company’s ratings from the international rating agencies Standard & Poor's, Moody's and Fitch are the same as the Russian Federation’s sovereign rating, namely BB+/Ba1/BBB- respectively, with a "positive" outlook from Standard & Poor's and Fitch and "stable" from Moody's.

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