Moody's rates Severstaltrans Ba3

Moody's Investors Service said it assigned Transportation Investments Holding Ltd., parent company of Severstaltrans Group, a Ba3 corporate family rating.

The outlook is positive.

The Ba3 corporate family rating reflects Severstaltrans' strong market position in the Russian rail and maritime container terminal markets, which are protected by significant barriers to entry, according to Moody's.

The rating also benefits from good prospects for the rail business in Russia, by sound profit margins and the company's adequate financial profile, the agency said.

The rating is constrained by the substantial size advantage of Russian Railways, Moody's said.

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