Standard and Poor's Assigned ▒BB+' Rating to Proposed RusHyro Finance Notes
October, 20, 2010 JSC RusHydro announces that on October 14, 2010 Standard and Poor's Rating Services has assigned an issue rating of ▒BB+' to the proposed Loan Participation Notes (LPNs) to be issued by the special purpose vehicle (SPV) RusHydro Finance Ltd. The proceeds of the proposed LPNs will be used to fund a proposed loan facility for JSC RusHydro, Simultaneously Standard and Poor's assigned recovery rating of ▒3', indicating expectation of meaningful recovery in a hypothetical event of default. Standard and Poor's rating methodology is presented at the site www.standardandpoors,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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