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Moodys upgrades NCSPs rating to Ba2 with Stable outlook

MOSCOW, Aug 21 (PRIME) -- International rating agency Moodys Investors Service has upgraded corporate rating of Russias Novorossiysk Commercial Sea Port (NCSP) to Ba2 from Ba3, with a Stable outlook, the agency said on Tuesday.

The companys probability of default rating was raised to Ba2-PD from Ba3-PD.

Todays upgrade of NCSPs ratings results from Moodys decision to upgrade the companys BCA, which is a measure of the companys standalone credit strength under Moodys Government-Related Issuers (GRI) rating methodology, to ba2 from ba3, the agency said.

NCSPs BCA has been upgraded reflecting the companys established track record of fairly stable financial performance through the cycle, underpinned by its position as Russias largest multi-cargo seaport operator with a strong geographical position.

End

21.08.2018 12:25
 
 
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