Fitch affirms TransContainer

Fitch Ratings said it affirmed PJSC TransContainer's long-term issuer default rating at BB+ with stable outlook.

The agency said the affirmation reflects a view that the company will maintain healthy credit metrics in the medium term despite a significant increase in capex, which remains largely flexible depending on market conditions.

The ratings reflect the company’s market leading position in container transportation, its moderate leverage and a diversified customer base as well as its smaller scale and more volatile operations relative to other Russian rolling stock peers in the wider rail industry, Fitch said.

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