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The Supervisory Board decided to launch the competitive selection of candidate for the position of permanent Chairman of the Management Board of JSC “Ukrainian railways” and instructed the Management Board to make necessary preparations for hiring a professional recruitment consultant for that purpose.
The leading rating agency Standard&Poors has decided to downgrade the credit rating of JSC “Ukrainian Railways” from B- to CCC. The reason for this decision is solely the agency's methodology for determining the rating level depending on the time remaining until the next maturity date.