Far-Eastern Shipping Co. Credit Report

23 July 2019

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Far-Eastern Shipping Co. (FESCO), the Russian integrated rail, port, and logistics operator with the majority of its operations in Russia’s Far East is still in talks to finalise its restructuring with residual ruble denominated debt holders. Market conditions have improved and trading volumes increased during FY18 which could support managements target of reducing leverage down to 3.5x.