Standard & Poor’s affirmed the 'BB'/'B' and 'ruAA' credit ratings on RusHydro and revised its outlook to ‘positive’
December 19, 2016. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Standard & Poor's Global Ratings Services revised its outlook on RusHydro from ‘stable’ to ‘positive’ and affirmed 'BB' long-term and 'B' short-term corporate credit ratings and 'ruAA' Russian national scale rating on the Company.
Standard & Poor's considered RusHydro's improving operating performance and assessed the Company’s liquidity as adequate, reflecting large cash balances, manageable debt maturities, and proven to access the capital markets. Standard & Poor's also believes that RusHydro capital raising for repayment RAO ES East’s debt demonstrates ongoing government support and could strengthen the Company’s financial profile.
The full report is available on Standard & Poor's website at: www.standardandpoors.com
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.