The outlook is stable.
Fitch Ratings has affirmed JSC Ukrainian Railway's (UR) Long-Term Issuer Default Rating (IDR) at 'B' and removed it from Rating Watch Negative (RWN).
The outlook is stable, Fitch said in a statement on its website on September 11.
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"The affirmation of ratings reflects our unchanged view on UR's strong linkage to Ukraine (B/Stable) and the latter's ability and willingness to provide support to the company under Fitch's Government Related Entities (GRE) Criteria. Using a top-down approach, which combined with UR's 'b-' SCP, leads to rating equalisation with the Ukrainian sovereign's IDR," Fitch said.