Moody's ups DTEK view to stable

Moody's Investors Service said it changed to stable from negative the outlook on the B2 long-term corporate family and senior unsecured ratings of DTEK Holdings BV.

The change of outlook to stable from negative reflects a combination of: the company's solid financial performance, strong liquidity position and improved debt maturity profile, along with improved macroeconomic development in Ukraine, Moody's said.

Despite adverse macroeconomic developments in 2009, accompanied by a significant decline in electricity consumption, the agency said DTEK managed to preserve its solid financial performance and capitalize on the recovery in electricity consumption in 2010.

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