Fitch Ratings upgraded RusHydro’s credit rating to investment grade
August 1, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Fitch Ratings Ltd. raised PJSC RusHydro’s long-term foreign currency issuer default rating to ‘BBB-’ from ‘BB+’. The rating agency affirmed the outlook at ‘Stable’.
Fitch Ratings’ analysts quoted the Company’s solid financial and operational performance combined with high level of government support and reduction of debt enabling upgrade of the credit rating to investment grade.
The full report is available on Fitch Ratings’ website at: www.fitchratings.com, www.fitchratings.ru
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 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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