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Fitch rates Post of Russia 'BBB'
26.09.2012 21:16
Fitch rates Post of Russia 'BBB'

Fitch Ratings has assigned FSUE Post of Russia a Long-term foreign and local currency rating of 'BBB', a Short-term foreign currency rating of 'F3' and a National Long-term rating of 'AAA(rus). The Outlooks for the Long-term ratings are Stable.


      

Earlier a Russian state organizations has been assigned a rating only after privatization. Fitch Ratings has estimated Post of Russia rather high. As the sovereign rating of Russia is also estimated ‘BBB’ by Fitch.


      

Post of Russia needs the Fitch rating for attracting investments, which are necessary for upgrading its infrastructure (logistics, facilities, IT-solutions).


      

According to Denis Chujko, the First Deputy CEO of Post of Russia, the company intends to invest 100 billion Rubles into logistics, the modernizing post offices, developing new services and others.


      

Photo: www.eau-de.ru




Author: Irina Fomina

Tags: Post of Russia Investments into Russia    

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