Moscow, 6 May 2014 – Aeroflot (Moscow Exchange ticker: AFLT) today announces that Fitch Ratings has confirmed Aeroflot’s BB- credit rating, leaving the “Stable” outlook unchanged, following its annual credit rating review.
While there are alarming signals in the global economy and expectations that macroeconomic indicators will decline, Fitch Ratings’ confirmation of Aeroflot’s credit rating and rating outlook reflect the agency’s opinion that Aeroflot is a key player in the industry with access to reliable infrastructure and good growth prospects.
Aeroflot’s credit rating is recognition of the effective policy undertaken by the Company’s management to control costs, and it reflects the analysts’ expectation that the Company’s financial profile will improve in the medium term.
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Aeroflot is Russia’s flagship carrier and one of the largest airline groups in Europe. In 2013, its 90th anniversary year, Aeroflot carried 20.9 million passengers (31.4 million passengers as Aeroflot Group including subsidiaries), a record for any Russian airline. A proud member of the SkyTeam global airline alliance, Aeroflot and its partners serve more than 1,000 destinations in 178 countries worldwide. Aeroflot operates one of the most modern and youngest fleets in Europe, numbering 154 Airbus, Boeing and Sukhoi airliners with an average age of 4.3 years. Aeroflot is among the global leaders in aviation safety. The company’s European Community Safety Assessment of Foreign Aircraft (SAFA) Index, which is the main globally recognized safety parameter, is comparable to global peers. The first Russian carrier to enter the IATA Operational Safety Audit (IOSA) register, renewing its registration for the fifth time in 2013, Aeroflot has successfully passed the IATA Safety Audit for Ground Operations (ISAGO) and is fully ISO 9001:2008 compliant. In 2013,Aeroflot was named by SKYTRAX as the Best Airline in Eastern Europe for the second time. Find more at www.aeroflot.com.