S&P upgraded stand-alone RusHydro’s credit ratings to investment grade
November 24, Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that S&P Global Ratings has upgraded its stand-alone RusHydro’s credit rating to investment grade level and confirmed long-term credit rating at sovereign investment grade level “BBB-”.
Taking into account the level of government support, RusHydro’s long-term credit rating as well as its Eurobond credit ratings were confirmed at “BBB-“ as well, and outlook - at “Stable”.
The agency quoted the company’s strong financial position, high profitability of its hydropower segment and comfortable leverage level.
The full report is available on S&P website at: www.standardandpoors.com.
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