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Russian Grids

December 8, 2017

The rating agency Moody`s has raised the long-term credit rating PJSC "Rossety" to the rank of sovereign rating of the Russian Federation ("Ba1", prediction "Stable")

On the 7th of December the international rating agency Moody`s has raised the long-term credit rating of PJSC "Rossety" to the rank "Ba1" as per international scale with stable prediction. Moreover, the agency has taken a decision on raising the estimation of characteristics of own credit rating of "Rossety" of one rank to "ba1" level.

Thus, now credit rating of PJSC "Rossety" is at the same rank with sovereign rating of the Russian Federation being illustrative of high-ranking financial stability of Community.

During taking the decision on raising the credit rating and estimation of own credit rating of PJSC "Rossery", the agency has taken into account the stable impronement of the results of Community activity.

"We positively estimate the decisions of Moody`s. From our point of view, the raising of company rating has become the logical consequence of the significant improvement of operational factors of "Rossety". Good results have been achieved due to realization of the integrated financial policies as well. It should be pointed out that Moody`s has become the second agency of "The Big Three" in split year reporting the raising of estimation of characteristics of own credit rating of PJSC "Rossety". For the company this decisions are not only positive news and estimation of results but the new level of responsibility and new tasks", - said assistant general manager on finance of PJSC "Rossety" Egor Prokhorov commenting the decisions of Moody`s.

Simultaneously the agency Moody`s has reported about raising the long-term credit ratings of subsidiary companies of PJSC "Rossety": PJSC "MOESK", PJSC "Lenenergo", PJSC "MRSK Volgy", PJSC "MRSK Centra i Privolzhya", JSC "MRSK Urala". Ratings of companies have been raised to the rank "Ba1" with stable prediction and are set at the same rank with the rating of the Russian Federation and PJSC "Roscety". Moreover, Moody`s has reported about raising the own credit rating of PJSC "FSK EES" to "ba1" confirming its long-term credit rating at the rank "Ba1" with stable prediction.

Full set of materials published by Moody`s one should see in official site of the rating agency: https://www.moodys.com/

 

 

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