MoodyТs worsens outlook on Kamaz ratings to Negative from Stable - Engineering & Hi-Tech - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

MoodyТs worsens outlook on Kamaz ratings to Negative from Stable

MOSCOW, Nov 27 (PRIME) -- International rating agency MoodyТs has affirmed group rating of RussiaТs largest truck producer Kamaz at Ba3, the probability of default rating at Ba3-PD, and the baseline credit assessment at b3, but it worsened the outlook on ratings to Negative from Stable, the agency said in a statement on Tuesday.

The agency changed the outlook as KamazТ financial results in 2018 were noticeably worse than expected. Still, affirmation of the ratings reflects strong support from the Russian government, and a comfortable structure of debt and the redemption schedule, MoodyТs said.

End

27.11.2018 08:53
 
 
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