Russian Helicopters credit now being rated by Fitch and Moody’s

Russian Helicopters credit now being rated by Fitch and Moody’s

5-Sep-2012 Source: Russian Helicopters

Russian helicopter holding “Russian Helicopters”, part of “Russian Technologies” – one of the world’s leading developers and manufacturers of helicopters, announced for the first time the credit rating from two rating agencies: Fitch and Moody’s.

Fitch Ratings has assigned a long-term credit rating of BB +, Moody’s Investors Service has estimated it at the level of creditworthiness of Ba2. The outlook for both ratings is stable.

General Director of “Russian Helicopters” Dmitry Petrov: “Credit rating is a recognition of our company as a leader in the helicopter sector. Receipt of ratings – an important step in the development of the holding, as the company seeks to maximize transparency and compliance with the best practices in corporate governance. “

Deputy General Director for Finance and Development “Helicopters of Russia” Sergey Yarkovoy: “Assigning rating indicates a strong financial position of the holding” Helicopters of Russia “. The resulting ratings will allow us to continue to pursue prudent fiscal policies, which enhances our ability to obtain financing and increases the attractiveness of the company to potential investors. “

In assigning ratings agencies take into account the following factors: high security holding orders, a wide range of products, strong presence in key markets, as well as government support for “Helicopters of Russia” as a strategically important company.

Full text of the press release Moody’s: http://www.moodys.com/

Full text of the press release Fitch: http://www.fitchratings.com/

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