Fitch lifts TransContainer view to stable

Fitch Ratings said it revised OJSC TransContainer's outlook to stable from negative and affirmed its long-term issuer default rating at BB+.

The outlook was revised to stable following a decision by JSC Russian Railways to transfer its share in TransContainer to a newly created United Transportation and Logistics Co., initially to be controlled by Russian Railways.

Russian Railways will continue to have a dominant stake in TransContainer and ultimately control the company in the near term, at least until the United Transportation shareholders' agreement is fully put into effect, Fitch said.

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