Moody's: Reliance Rail view positive

Moody's Investors Service said it affirmed the B3 senior secured rating and Caa2 subordinated rating of Reliance Rail Finance Pty Ltd.

The outlook was revised to positive from developing.

"The change in the outlook considers Reliance Rail's improved liquidity position and the progress made in the manufacturing and delivery of train sets to RailCorp over the past nine months," Moody's analyst and assistant vice president Spencer Ng said in a news release.

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