Moody's Rating Agency Affirms PJSC TransContainer’s Rating at Ba3 with a Stable Outlook
Moody’s international rating agency published a credit report which confirmed the rating of PJSC TransContainer of Delo Group at Ba3 level with a stable outlook.
The agency notes that the company's strong business profile, backed by a leading market position, integrated business model and diversified customer base, as well as its commitment to balanced financial policies, allow it to demonstrate strong performance even during the crisis caused by the coronavirus pandemic.
“Moody’s international rating agency’s high evaluation of our results evidences the effectiveness of the chosen course. TransContainer’s management team is focused on increasing the company's market share, in particular by making the business more flexible in terms of operation and investments while maintaining high financial performance. As a result of this comprehensive work in 2020 and in the first half of 2021, the company's transportation volumes grew faster than those of the market,” said Pavel Skachkov, Vice President for Economics and Finance of PJSC TransContainer.
In June, Expert RA rating agency improved its outlook on the TransContainer’s rating, praising the company's competitive position, as well as noting the low wear of the fitting platforms fleet and the diversified structure of the transported cargo.