The rating Outlook of Russian Railways downgraded to negative

the International rating Agency Moody’s confirmed credit rating of JSC “Russian Railways” (RZD) at the level of Baa2, but revised the rating Outlook from “stable” to “negative”.

senior unsecured debt Rating of Russian Railways is also affirmed at “Baa2”, reports “Finmarket”.

“Today’s confirmation of the rating of Russian Railways and a negative Outlook on it reflects the growing pressure from an unprecedented outbreak of the coronavirus in operational and financial performance of the company”, — quotes PRIME excerpts from the review Moody’s.

we will Remind, earlier it was promulgated data according to which “Russian Railways” transported in may this year of 33.6 million passengers, which is 67.6% less than in the same period last year. While in the suburban message has been sent 31.6 million passengers (minus 66,4% yoy), long-distance — 2 million (minus 78.9 per cent).

For the first 5 months from the beginning of the carriage of passengers by rail fell by 31.3% yoy to 320,6 million passengers, from them long-distance was shipped 26.3 million passengers (minus 36.1 per cent), in the suburban message — 294,3 million (minus 30.9 percent).

25 March, in a televised address to the nation Russian President Vladimir Putin expressed “extreme importance” to prevent “the threat of a rapid spread of the disease.” In this regard, he announced the week of 30 March-5 April “off, with pay”. April 2 in the course of the next televised address, Putin stated that the threat from pandemic coronavirus infection COVID-19 is maintained. The head of state decided “to extend the state of non-working days until the end of the month, ie April 30, inclusive”, but “with the retention by the employees of their wages.” 28 April, the President extended a state of non-working days before 12 may, combining the traditional may holidays on the working days from 6 to 8 may. May 12, a single period of days off has been completed.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

on 2 June Prime Minister Mikhail Mishustin reported on the nationwide state plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will amount to about 5 trillion roubles. June 19, Putin was sent a revised draft of the national plan.

Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to