Russian owner Far-Eastern Shipping Company's new financing deal has received backing from Fitch Ratings after a stronger 2020.
The boxship and multipurpose player's corporate credit rating has been upgraded to B+ from CCC, with a stable outlook, the ratings agency said.
In April, Fesco signed a loan agreement with domestic lender VTB Bank worth RUB 25.8bn ($323m) to refinance most of its existing debt.
