“The International Rating Agency S&P Global Ratings has increased the long-term credit rating of JSC “Ukrzaliznytsia” and its Eurobonds from “CC” to “CCC-” after payment of the company and January 15 by Eurobonds with repayment in 2026 and 2028.”, – WRITE: epravda.com.ua
The International Rating Agency S&P Global Ratings has increased the long-term credit rating of JSC “Ukrzaliznytsia” and its Eurobonds from “CC” to “CCC-” after payment of the company and January 15 by Eurobonds with repayment in 2026 and 2028. This is stated in the message S&P “Rating of JSC” Ukrzaliznytsia “was increased to the level of” SSS- “by coupon payments; the forecast” negative “, – the message is said. The risk The liquidity of the company caused by the war in Ukraine and the high uncertainty about the financial capacity of the Ukrainian government to provide further support of the company. Advertising: the decision of the UZ to make payments on coupons in January was made in connection with the conviction that the authorities would approve the increase in tariffs. We deteriorated, we understand that from the management of the company we have received information that there is now a greater likelihood of raising tariffs in 2025, which can somewhat improve the ability of the UZ to generate cash flows, although the final decision to increase tariffs has not yet been made, ” – it is said In the report of the rating agency. It was reminded that in 2025 the payments of the UZ for coupons will be low – about $ 45 million, and a large payment of the company will have to be made in July 2026 – $ 703 million. The purpose of maintaining constructive relations with their holders.