Based on the results of the meeting held by the company’s management with ACRA on February 26, 2020, the rating agency has affirmed Rosseti’s credit rating under the national scale at AAA(RU), Stable Outlook.
During the meeting, they discussed the aspects of strategic development of Rosseti Group of Companies, the expected operational, investment and financial results of the Group’s activities in 2019.
As the main factors in assessing Rosseti, ACRA took into account the high systemic importance of the company for the Russian economy, its monopoly position in the electric grid complex, high profitability of the business, low debt load and high liquidity.
This rating level is the highest under the agency rating scale.
“We are grateful to the rating agency for an unbiased approach to the evaluation of the company and management work. Confirmation of the rating at AAA(RU) proves that Rosseti has high creditworthiness. We intend to continue to be guided by the principle of electric grid complex efficiency increase as well as to making efforts aimed at higher investment attractiveness of the company,” commented Egor Prokhorov, Acting General Director for Strategy.
The credit rating was first assigned to Rosseti in March 2018. For more detailed information on the company’s credit rating, please refer to the official website of the agency www.acra-ratings.ru.