Moody’s shifts Eastcomtrans view to positive

Moody’s Investors Service said it changed to positive from stable the outlook of Eastcomtrans LLP and affirmed the company’s B3 corporate family rating, the B3-PD probability of default rating and the B3 senior secured rating of its notes. Concurrently, Moody’s upgraded to Ba3.kz from B1.kz the company’s national scale corporate family rating.

The positive outlook reflects Eastcomtrans’ strong positioning within the current rating category and the possibility of an upgrade over the next 12-18 months.

The rating action reflects Eastcomtrans’ strengthened operating and financial performance after the crisis of 2015-16, which, along with the market recovery, was underpinned by the company’s improving business profile and balanced financial policy, Moody’s said.

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