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The “Russian Post” was given «BBB» rating by The International rating agency Fitch

As a result of a detailed analysis of the business’s aspects and financial soundness “Fitch Ratings” experts have included “Russian Post” in the list of the most reliable and creditworthy companies in Russian Federation.

International rating agency made a resolve to confer the Russian national postal operator on a stable outlook in foreign and local currency long-term “BBB” rating.

This credit rating of investment grade will improve the “Russian Post” financial performance and provide it with a company’s compliance with the issuer requirements, which are claimed to be included in the Lombard list of the Bank of Russia. It will bring the opportunities of increasing the qualitative and quantitative pool of potential investors and the company’s investment attractiveness. “BBB” credit rating also shows that the “Russian Post” has a recognized benchmark of credit quality and standards of corporate management and optimization of the debt financing.

“Russian Post” needs this International Fitch rating to raise funds for the comprehensive modernization of postal infrastructure, which is necessary to improve the service’s quality and network efficiency of the federal postal operator. The program of comprehensive modernization of the federal postal service has already been prepared.

This event is an important step for “Russian Post” to the enterprise’s development and the logical continuation of the course, which has been chosen by the company several years ago to increase the business and investment community’s confidence and to the transparency guarding of the national postal operator.

Source:  FSUE “Russian Post”