(Source: Fitch Inc) 05 Nov 2015 5:53 PM GMT/UTC Fitch Ratings-Warsaw/London-05 November 2015: Fitch Ratings has affirmed Polish state-owned railway company Polskie Koleje Panstwowe S.A.'s (PKP) Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB' and 'BBB+', respectively, with Stable Outlooks. A full list of rating actions is available at the end of this commentary. The rating affirmation reflects PKP's strong legal links with the state, including state guarantees for a substantial part of the company's debt. The credit profile is supported by significant deleveraging since 2012 thanks to completed asset disposals in line with management's expectations as well as by...
↧