Credit rating of the Group
During 2018 Sovcomflot Group continued to work with international credit rating agencies.
Moody’s Investors Service affirmed the Group’s credit rating at Ba1 with a stable outlook. Fitch Ratings reaffirmed the Group’s rating at BB with a positive outlook. S&P Global Ratings maintained the current credit rating for the Group at BB+ with a stable outlook.
| S&P Global Ratings | Fitch Ratings | Moody’s Investors Service | |
|---|---|---|---|
| Credit rating | BB+ | BB | Ba1 |
| Outlook | Stable | Positive | Stable |
Amid the general volatility in capital markets, at the end of the reporting period the Company’s Eurobonds traded at a discount to par value and had a yield to maturity in 2023 of 6.2 % with an average yield for the year of 5.6 %.
Source: Citibank