Moody's upgrades Globaltrans' CFR to Ba2; stable outlook
Rating Action: Moody's upgrades Globaltrans' CFR to Ba2; stable outlook. Global Credit Research- 14 Apr 2017. London, 14 April 2017-- Moody's Investors Service, has upgraded to Ba2 from Ba3 the corporate family rating and to Ba2-PD from Ba3-PD the probability of default rating of Globaltrans Investment PLC, one of the largest freight and logistics rail transportation groups operating in Russia and the Commonwealth of Independent States.Globaltrans Investment is a rail transportation company in the Russian Federation. Co. is engaged in providing a wide range of railroad freight transport and logistics services. Co. provides rail freight transport and logistics services, as well as certain ancillary services to industrial customers and medium-size corporate customers in Russia and to destinations within Russia and to Ukraine. Co.'s regional network encompasses 10 branch offices. Co. is a private participant in the transportation of scrap and ferrous metals and it has market positions in the transportation of construction materials and ores.
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