Moody’s assigned definitive B1 rating to bond issued by the Russian subsidiary of Globaltrans
NOT FOR DISTRIBUTION IN THE UNITED STATES
Globaltrans Investment PLC (“Company” together with its consolidated subsidiaries “Globaltrans”, or the “Group”), (LSE ticker: GLTR) announces that Moody’s Investors Service assigned on 24 September 2010 a definitive senior unsecured B1 bond rating on the Russian domestic RUB3 billion 9.25% bond due 2015 issued by New Forwarding Company, the Russian subsidiary of Globaltrans.
Globaltrans Investor Relations
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NOTES TO EDITORS
Globaltrans (Globaltrans Investment PLC together with its subsidiaries - "Globaltrans" or "the Group") is the largest privately owned freight rail transportation group with operations in Russia by the size of owned rolling stock fleet (based on publicly available information) and the first and only such group to have an international listing.
Globaltrans Investment PLC is incorporated in Cyprus and has operating subsidiaries in Russia, Ukraine and Estonia. The Group provides freight rail transportation, railcar leasing, and certain ancillary services to clients in Russia, the CIS countries and the Baltics.
As of 30 June 2010 Group’s fleet of rolling stock owned and leased under finance and operating leases amounted to 41,772 units, including 21,626 gondola cars, 19,598 rail tank cars, 58 locomotives and 490 other railcars.
The Group’s Freight Rail Turnover in the first six months of 2010 amounted to 41.9 billion tonnes-km with 28.7 million tonnes of freight transported. In the first six months of 2010 the Group’s Adjusted Revenue amounted to USD 407.5* million with Adjusted EBITDA reaching USD 180.4* million.
Globaltrans' global depositary receipts are listed on the Main Market of the London Stock Exchange under the ticker GLTR since May 2008.
To learn more on Globaltrans, please visit www.globaltrans.com.
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.