print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  TGC-1 REGISTER LOG IN

Press Releases > TGC-1  all about the company

company search
all press releases
all TGC-1 press releases

TGC-1

June 5, 2017

S&P Global Ratings withdraws TGC-1s 'ruAA+' Russia national scale rating

On September 26, 2016 an international agency Standard & Poors Global Ratings assigned TGC-1 long-term and short-term ratings +/’ according to the international scale with stable outlook. Additionally, TGC-1 was rated ruAA+ according to the national scale.

From July 14, 2017, it will no longer be possible to use S&Ps national scale ratings for regulatory purposes due to the launch of new Russian regulations for the credit rating industry. Consequently, S&Ps Global Ratings decided to withdraw its Russia national scale ratings. Thus, as of June 2, 2017, TGC-1s affirmed rating of 'ruAA+ has been withdrawn.

The decision to withdraw the national scale ratings will not affect the global (international) credit ratings affirmed by the agency.  

About

TGC-1 is the leading producer of electricity and heat in the North-West region of Russia. It operates 53 electric generating stations in four regions of Russia: St. Petersburg, Republic of Karelia, Leningrad Oblast, and Murmansk Oblast.

TGC-1 installed electric capacity of the Companys stations amounts to 6.95 GW and heating capacity of 14,53 thous. GCal/hr. Major shareholders are Gazprom Energoholding LLC (51.79 %) and Fortum Power and Heat Oy (29.45 %). Total headcount of the Company, including subsidiaries, totals circa 7 thousand.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer