S&P ups Federal Grid outlook to stable

Standard & Poor's said it revised to stable from negative its outlook on the Federal Grid Co. of the Unified Energy System.

The BBB long-term corporate credit rating and ruAAA Russian national-scale rating were affirmed, the agency said.

"The outlook revision reflects the outlook revision on Federal Grid's major owner, the Russian Federation (foreign currency BBB/stable/A-3, local currency BBB+/stable/A-2)," said S&P credit analyst Sergei Gorin.

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