Kamaz says cancels rating assignment agreement with Moody’s

MOSCOW, Dec 25 (PRIME) -- Russian truck producer Kamaz has cancelled a rating agreement with Moody’s Investors Service, the company said in a statement on Wednesday.

“The company will no longer support Moody’s ratings. At the same time, Kamaz has a rating of a Russian rating agency certified by the Central Bank of Russia and plans to keep supporting the rating in order to fit the regulative requirements,” Kamaz said.

Russian rating agency ACRA (Analytical Credit Rating Agency) assigned the company the A+ (RU) rating in April 2018.

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