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Moody's rates Russian Railways notes Baa1
Moody's Investors Service said it assigned a definitive Baa1 rating to the £350 million of 7.487% loan participation notes due 2031 issued by RZD Capital Ltd. for the sole purpose of financing a loan to JSC Russian Railways.
The outlook is stable.
The rating is equivalent to the senior issuer rating of Russian Railways, reflecting that RZD Capital issued the notes for the sole purpose of financing a loan to Russian Railways, Moody's said.
Russian Railways will use the proceeds in the ordinary course of its business, the agency said.
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