Standard and Poor’s gave a “BBB-” long-term corporate credit rating to Sovcomflot. The national scale rating for the sea carrier was “ruAAA”. The company’s outlook has been designated as stable.
The rating issued to Sovcomflot evidence the view of Standard and Poor’s that there is a significant chance that the government of Russia would lend adequate support to the company in the event of fiscal problems. The standalone credit profile for Sovcomflot was at “BB”.