Novorossiysk Commercial Sea Port, PJSC -- Moody's confirms NCSP's Ba3 rating; negative outlook

London, 23 March 2015 -- Moody's Investors Service has today confirmed the Ba3 corporate family rating (CFR) and the Ba3-PD probability of default rating (PDR) of Novorossiysk Commercial Sea Port, PJSC (NCSP), a leading Russian stevedore business. The outlook on the ratings is negative. The action concludes the review for downgrade of NCSP's ratings, which was part of the review for downgrade of ratings of 45 Russian non-financial corporates launched by Moody's on 23 December 2014. The review was prompted by the severe and rapid deterioration in the operating environment in Russia and the heightened risk of a more prolonged and acute economic downturn than originally expected.

Vollständigen Artikel bei Moodys lesen