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Fitch Ratings affirmed RusHydro credit rating at BB+, stable outlook confirmed

JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that international ratings agency Fitch Ratings has affirmed the long-term foreign and local currency credit ratings at ‘BB+’ and long-term national rating at ‘AA(rus)’. The outlook on the ratings is ‘Stable’. The agency also affirmed the ‘BB+’ credit rating assigned to the Company’s bonds.

Fitch Ratings notes that RusHydro’s creditworthiness reflects its solid market position in Russia, strong state support and adequate level of liquidity to meet its short-term obligations.

The full report is available on Fitch Ratings web-site at: www.fitchratings.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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