Fitch downgrades Globaltrans to 'B' following Sovereign Rating Action; places on Rating Watch Negative

Globaltrans Investment PLC (“The Company” or together with its consolidated subsidiaries “Globaltrans” or “The Group”), (LSE/MOEX ticker: GLTR) announces that Fitch Ratings has downgraded Globaltrans’ Long-Term Foreign Issuer Default Rating (IDR) to 'B' from 'BBB-' and Local-Currency Issuer Default Rating (IDR) to 'B+' from 'BBB-' and placed them on Rating Watch Negative (RWN).

The rating action follows the agency's downgrade of Russia's sovereign ratings on 2 March 2022.



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