Moody's may cut TransContainer

Moody's Investors Service said it placed on review for possible downgrade the Ba2 corporate family rating of JSC TransContainer, along with the company's Aa2.ru national scale credit rating.

The action reflects a belief that the company's ability to sustain credit metrics at levels commensurate with its current rating is under pressure due to weaker than previously expected operating conditions, Moody's said.

The agency also said the company has currently no committed backup facilities to support liquidity needs over the next 12 months, which might indicate a shift in the liquidity management.

The rating incorporates about one-notch support derived from its majority ownership by Russian Railways, Moody's said.

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