ACRA confirmed RusHydro’s credit rating at the highest investment grade
June 09, Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Analytical Credit Rating Agency (ACRA) has confirmed RusHydro’s credit and bond credit ratings both at AAA(RU), the highest level, and affirmed the outlook at “Stable”.
ACRA’s analysts quoted the company’s solid corporate governance system, low leverage and sound debt servicing performance. They also mentioned that RusHydro’s rating is also contingent on its systematical importance to Russian Federation’s economy.
For 2020 and in the medium term (2021-2022) ACRA expects further improvements to the Company’s financial profile, primarily deleveraging and free cash flow growth.
Nikolay Shulginov, Chairman of the Management Board – General Director of RusHydro commented: “RusHydro continues to demonstrate solid operational and financial performance along with high credit standings recognized by ACRA. Management’s ongoing systematic improvements in operational efficiency contributes to the company’s investment attractiveness and creates shareholder value.”
Shares / ADR