Research Detail
| 2019/05/14 / Erste Group Research |
Issuer Profile | Ceske drahy The Ceske drahy group (“CD”, Czech Railways) is the national railway company in the Czech Republic with more than 23,000 employees and revenues of roughly CZK 40bn (c. EUR 1.6bn). The ongoing transformation of CD into a modern, efficient, competitive and customer-focused railway mobility Group is supported by large investments and a strong Czech economy. The parent company CD a.s. as well as CD Cargo are issuers on the EUR- and CZK-bond markets with a combined volume outstanding of close to EUR 1.0bn The debt issues do not offer a formal, explicit state guarantee. However, several characteristics typical for agencies are in place. CD is fully owned and controlled by the Czech State also being the company´s key customer. Moody´s continues to rate Ceske drahy at Baa2 with a stable outlook. |
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General information
| Author | Erste Group Research |
| Date | 2019/05/14 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Austria, Czech Republic |
| Currency in focus | Czech Koruna, Euro |
| Sector in focus | - |
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