Moody's Investors Service affirmed credit ratings on RusHydro
July 25, 2013. Moscow, Russia. JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that Moody's Investors Service affirmed the ‘Ba1’ long-term credit rating assigned to RusHydro as well as the ‘Aa1.ru’ national scale rating with a ‘stable’ outlook. It also confirmed the ‘Ba1’ rating on the Company’s bonds.
Moody's Investors Service assessed the Company’s liquidity as adequate with large cash balance, manageable debt maturity, and proven access to the capital markets. Moody's also believes that the governmental support will help RusHydro to strengthen its financial profile and remain within the current category.
The full report is available on Moody's web-site at: http://www.moodys.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.
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