S&P Global Ratings affirmed its 'BB-/B' long- and short-term issuer credit ratings on STLC with the positive outlook

09.08.2018

S&P Global Ratings affirmed its 'BB-/B' long- and short-term issuer credit ratings on Russian leasing entity State Transport Leasing Company. The outlook remains positive. 

In its report agency emphasizes the meaning of STLC as a tool for implementing the state policy of modernization and development of Russian transport industry.

““As a result of an increasing role of STLC in the state policy implementation its leasing portfolio increased by more than 3 times compared to 2014 and right now STLC ranks first in terms of the volume of the leasing portfolio and new business volume. The company maintains leading positions in major segments of the transport industry (aviation, railroad and water), while the equity support from the government allows to actively increase the volume of operational activity”, - as said in the press release by S&P Global Ratings.

“We assume that high rating from S&P Global Ratings as well as a “positive” outlook from tree major international rating agencies allows to maintain a high level of credibility and reliability of our company, and also reflects STLC’s importance for the Russian government in terms of transport industry development”, - says First Deputy CEO of STLC Anton Borisevich.