S&P ups Ukrzaliznytsia's rating to maximum for wartime conditions
![S&P ups Ukrzaliznytsia's rating to maximum for wartime conditions S&P ups Ukrzaliznytsia's rating to maximum for wartime conditions](https://wsrv.nl/?output=webp&url=www.liga.net/images/general/2023/01/31/20230131113640-1192.png&w=620&fit=cover&dpr=2)
The international rating agency S&P Global Ratings raised the rating of Ukrzaliznytsia to the level of ССС+, reported the press service of the UZ.
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The rating of the state rail transport company has matched the level of the sovereign rating of Ukraine, which is the maximum possible result under the current wartime conditions, the company clarifies.
The rating increase was facilitated by the recent completion of the debt restructuring of UZ in the amount of $894.9 million.
Thanks to this agreement and other projects with international partners, the pressure on the company's liquidity has been removed, and its contractual debt payments will be reduced by more than 90% in 2023-2024.
The agency also noted the successful reprofiling with the EBRD for the liquidity needs of the credit line in the amount of 150 million euros and the write-off of the debts of Russian banks in accordance with the law that came into force in August 2022.
On August 29, 2022, Fitch raised the rating of Ukrzaliznytsia as the strategic importance of the company increased during the war.