International Ratings Agency Fitch Has Upgraded RusHydro’s Credit Rating Outlook
JSC RusHydro (ticker symbols: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that international ratings agency Fitch Ratings has upgraded RusHydro's credit rating outlook from stable to positive and has also confirmed the Company's long-term rating of BB+.
The report by Fitch notes that as of today RusHydro has a stable financial position and a high level of liquidity.
At present, Fitch has assigned RusHydro a credit rating
only two points lower than the rating for the Russian Federation as a whole. This
rating is based on a series of factors, including: required state participation
in the Company, direct equity investments, significant state investments to support
infrastructure, strict control on the part of the Russian government and the
Company's strategic importance for the State.
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