FESCO Transportation Group (“FESCO”, the “Group”, a company managed by State Corporation Rosatom) has received credit ratings from the Chinese state agency Dagong Global Credit Rating. During the Eastern Economic Forum Leonid Zvyagintsev, Deputy Director General, Finances of FESCO said that according to the national scale of the People’s Republic of China the Group was rated by experts at level AA+ which designates a “very high credit rating”, and according to the international scale – at BBB+.
Among the strong points of the Group the rating agency noted its significant position in the global market of container transportations, the positive dynamics of the overall deadweight of the fleet as well as the annual increase of the total throughput capacity of terminals under its management.
Based on comprehensive assessment, the Dagong Global agency has given FESCO a “stable” forecast for the next 1-2 years.
“Independent assessment of a company’s reliability and efficiency as well as its reputation are important for Chinese businesses and financial organizations. Such a high rating is recognition of the significant work that the Group, among other things, is carrying out in China. Today, our representative offices operate in 11 cities across the country and we are committed to expanding our presence in the local market,” said Leonid Zvyagintsev, Deputy Director General, Finances of FESCO.