Fitch Ratings assigns RusHydro's bonds 'BB+' credit rating
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that international ratings agency Fitch Ratings has assigned the Company’s 10-year RUB 10 bn bonds of series 09 with a coupon rate of 12.75% per annum a 'BB+' senior unsecured rating in local currency.
RusHydro’s bonds of series 09 were successfully placed on April 28, 2015.
Sberbank CIB has been retained as an underwriter of the bonds placement. Sberbank CIB and VTB Capital act as lead managers of placement. The bond issue was registered by the Financial Markets Service on December 27, 2012 (state registration number 4-09-55038-E).
The information on the rating methodology is available on the agency’s website 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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