Moody’s upgrades RusHydro’s baseline credit rating to investment grade
December 7, Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that for the first time in the company’s history Moody’s raised baseline credit ratings on PJSC RusHydro to investment grade ‘Baa3’. The rating agency affirmed RusHydro’s long-term credit rating as well as the rating of loan-participation notes issued by RusHydro Capital Markets DAC at ‘Baa3’ (outlook stable).
The rating agency’s analysts took into consideration RusHydro’s successful track record of executing complex investment projects as well as plans to modernize and bring online new large-scale facilities in the Far East with guaranteed return on investment. Moody’s also quoted the Company’s strong operational and financial performance, high liquidity level and moderate leverage.
The full report is available on Moody’s Ratings’ website at: www.moodys.com
PJSC RusHydro has been assigned the following international long-term corporate credit ratings at the sovereign (investment) level: S&P – ‘BBB-‘ (outlook ‘Stable’), Moody’s – ‘Baa3’ (outlook ‘Stable’), Fitch – ‘BBB‘ (outlook ‘Stable’); and national credit rating ACRA – ‘AAA(RU)’ (outlook ‘Stable’).
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