Moody's Interfax Rating Agency has affirmed the Aaa.ru long-term national scale issuer rating (NSR) of Russian Railways Joint Stock Company and the Aaa.ru NSR of Federal Passenger Company OJSC, a wholly owned subsidiary of Russian Railways.

As of year-end 2013, the group had approximately 1.2 million employees. In 2013, Russian Railways generated revenue of RUB1.76 trillion ($55.4 billion), of which 75% was contributed by freight transportation and logistics services.

Established in 2009, Federal Passenger Company is the leading long-distance passenger railway transportation company in Russia, with a market share of around 95% by passenger turnover. Federal Passenger Company owns and operates a fleet of 22,894 railcars (as of year-end 2013). Federal Passenger Company is a wholly owned subsidiary of Russian Railways Joint Stock Company, the 100%-state-owned monopoly owner and operator of Russia's rail infrastructure. In 2013, Federal Passenger Company generated revenue of RUB196 billion ($6.2 billion; excluding state subsidies) and transported 99 million passengers.

www.moodys.com