Fitch: RusHydro bonds BB+

Fitch Ratings said it has assigned JSC RusHydro's (BB+/stable) 10-year RUB 20 billion of 8.5% bonds a BB+ senior unsecured rating.

The proceeds of the bonds issue are expected to be used for general corporate purposes.

Fitch said that the bonds are subject to a put option in five years.

The agency said that RusHydro's ratings continue to be driven by support from its parent, Russia (BBB/stable).

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