Standard & Poor’s Global Ratings upgraded RusHydro’s ratings to investment grade
February 27, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Standard & Poor's Global Ratings Services raisedlong-term corporate credit ratings on PJSC RusHydro to ‘BBB-’ (outlook stable). Short-term corporate credit was raised to ‘А-3’ respectively. The action followed an upgrade of Russia’s sovereign rating to ‘BBB-‘ (outlook stable) on February 23, 2018. The rating agency’s analysts quoted high level of government support combined with high standalone creditworthiness as factors, enabling upgrade of the credit rating to investment grade.
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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