RAEX (Expert RA) Assigns UWC Rating А

PJSC “Research and production corporation “United Wagon Company” (“RPC UWC” or the “Company”) (MOEX: UWGN) reports RAEX (Expert RA) assigned RPC UWC credit rating A (high creditworthiness), sub-level 3, with the rating outlook stable.

Expert RA noted RPC UWC’s high-anticipated liquidity and the successful refinancing of the Company’s credit portfolio. The agency regards the Company as highly competitive in the freight car market and gives a positive outlook for the sector as a whole.

RAEX experts believe that information transparency at RPC UWC is high, and the Company implements efficient strategic planning and risk management policies.

Pavel Mitrofanov, RAEX (Expert RA) Corporate Ratings Managing Director, said, “RPC UWC’s close collaboration with lenders backed by its growing operating cash flows were among the reasons to assign the Company a higher rating”.

According to Alexey Tsyplakov, RPC UWC Deputy CEO, Finance and Economy, “The rating we have been assigned is another proof of RPC UWC’s reliability and ability to grow. We expect the high credit rating by Russia’s major rating agency will help the Company to further develop mutually beneficial relationships with its lenders and investors”.

For more details, see the press release by RAEX (Expert RA): http://raexpert.ru/releases/2016/Dec28e/