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JSC Ukrzaliznytsia (Ukrainian Railways) and Deutsche Bahn Engineering & Consulting signed an agreement on consulting in the field of passenger transportation. It aims to improve the planning and development of passenger railway transportations, optimize purchasing, and upgrade rolling stock.
We are raising tariffs for freight transportation in order to restore the railway infrastructure, — Oleksandr Kamyshin
On August 17, 2021, changes in freight tariffs came into effect. The "Uryadovy Courier" daily newspaper published an order of the Ministry of Infrastructure of Ukraine "On Amendments to the Coefficients Applied to the Tariffs of the Compendium of the Tariffs for Domestic Freight Railway Transportation and Related Services", which was registered with the Ministry of Justice of Ukraine on August 13, 2021. Thus, Ukrainian Railways begins a two-stage process of raising tariffs for freight rail transportation.
One of the leading rating agencies, Fitch Ratings, has affirmed Ukrainian Railways' credit rating at “B“ and upgraded the rating outlook from “Stable“ to “Positive“.
Statement of the UZ’s Supervisory Board regarding the position of Temporary Acting Chairman of the Management Board
The Supervisory Board (SB) of Ukrzaliznytsia (UZ) has received a request from the Temporary Acting Chairman of the Management Board, Ivan Yuryk, to be released from this assignment.
International rating agency Standard & Poor’s upgraded Ukrainian Railways' credit rating to CCC+, Outlook Stable
Given the significant improvement in Ukrainian Railways’ liquidity, one of the leading rating agencies Standard & Poor's upgraded the company's credit rating to CCC+, outlook Stable. Primarily, agency decision is driven by the successful issuance of USD 300 million in five-year loan participation notes and refinance of company’s current debt obligations.