04.11.2015, 15:26
Russian Post's Credit Rating Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its 'AAA' credit rating on Russian Post Federal Unitary Enterprise (FGUP 'Russian Post'). The 'AAA' credit rating was originally assigned on December 1, 2014.
The rating is underpinned by high strategical and social importance of the organization, strong market position, and the government's support of the strategic changes. The Agency notes that the efforts that had been made to modernize the infrastructure and information technology and to develop the logistics network, allowed the company to reduce expenses and increase efficiency, which reflected in the financial result for 2014 and helped Russian Post to consistently implement social programs.
The rating is constrained by the company's dependence on the macroeconomic situation and the increased competition in high-margin segments.
The rating is underpinned by high strategical and social importance of the organization, strong market position, and the government's support of the strategic changes. The Agency notes that the efforts that had been made to modernize the infrastructure and information technology and to develop the logistics network, allowed the company to reduce expenses and increase efficiency, which reflected in the financial result for 2014 and helped Russian Post to consistently implement social programs.
The rating is constrained by the company's dependence on the macroeconomic situation and the increased competition in high-margin segments.
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