Moody's rates DTEK B2

Moody's Investors Service said it assigned a B2 long-term corporate family and probability-of-default ratings to DTEK Holding Ltd.

The rating reflects DTEK's position as the only privately owned, vertically integrated electric utility and its strong cash flow generation and debt coverage metrics, the agency said.

The rating also reflects expected pressure on the company's financial profile resulting from a sizable investment program, its business risk profile, the relatively young regulatory environment and significant state influence over the coal and energy markets, Moody's said.

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