International Agency Fitch Ratings published priority unsecured rating “B-(EXP)” of planned bonds Rail Capital Markets Plc for Ukrzaliznytsia (Ukrainian Railways), which allow participation in a loan with an indicative maturity in 2022-2023, as the website of the agency reported.
“The new issuance of the obligations which allow participation in the loan is scheduled for late June – early July 2019, when Fitch expects attribution of the final rating of bonds,” the message reads.
Bonds will be issued for funding the loan from Rail Capital Markets Plc for Ukrzaliznytsia. All the income from the loan will be used by the company within a normal activity. Payments on bonds are linked to creditworthiness and the financial state of Ukrzaliznytsia.
“Rail Capital Markets Plc is on the same level with long-term Ukrzaliznytsia, which reflects Fitch opinion that the debt is a direct unconditional priority unfunded liabilities of Ukrzaliznytsia and an equal by the priority of execution with all the other existing and future unsecured and unsubordinated obligations,” the message reads.
As it was reported, the Cabinet of Ministers confirmed the Ukrzaliznytsia strategy till 2024.