Fitch Affirms PJSC Aeroflot at ‘B+’ With Stable Outlook

06 March 2017

Moscow, 6 March 2017 — Fitch Ratings has affirmed PJSC Aeroflot Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+', Outlook Stable.

Fitch’s rating affirmation reflects the improvement in Aeroflot’s credit metrics and agency’s expectations that the company will maintain a robust financial profile over forecast period. The rating incorporates the Company’s strong Russian market position and its ability to adapt to challenging market conditions. The Group has continued to outperform the Russian air transportation market. Aeroflot's business profile is supported by the Company's fairly diversified route network, favourable hub position and competitive cost structure.