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Expert RA Confirms TransContainer's rating at ruAA- with a stable outlook
Expert RA rating agency has confirmed the credit rating of PJSC TransContainer (part of Delo Group) at ruAA- with a stable outlook.
The Agency appraises the sustainability of the transport and logistics segment of Delo Group to external shocks, which is due to the significant growth potential of cargo containerization of Russia and the high level of diversification of cargo transported in containers.
According to Expert RA, TransContainer is a leader in the Russian container transportation market with a 36% share in revenue service as of 9 months of 2022. The Agency highlights the following factors that allow TransContainer to maintain its strong competitive position: the importance of the scale effect, including due to the developed terminal network, as well as the advantages of an integrated business model that is able to meet the demand of customers of different profile.
"We are satisfied with Expert RA’s decision to confirm the rating and believe that it is to a great extent thanks to the stable operating and financial results of the company, as well as the business efficiency growth, which TransContainer showed in 2022," said Pavel Skachkov, CFO of TransContainer.
About company
PJSC “TransContainer” is a Russian intermodal container operator that manages the largest fleet of containers and flatcars in Russia over the entire 1520 standard railway network.
Delo Group Delo Group is a Russian transport and logistics holding company operating a system of marine and railway container terminals, its own fleet, a container, and fitting platforms park.
The transportation and logistics business of Delo Group includes intermodal container operator TransContainer and multimodal transport operator RUSCON. The stevedoring business of the Group includes DeloPorts and Global Ports, the leading operator of container terminals. Shipping business of the Group - Sakhalin Shipping Company (SASCO), one of the largest shipping companies in Russia.
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