Moody's: IDGC of Urals CFR Ba2

Moody's Investors Service said it assigned Ba2 corporate family and probability of default ratings to JSC IDGC of Urals, a Russian electricity distribution grid business servicing three regions in the Urals area and a core operating company of state-controlled IDGC Holding.

Moody's Interfax also assigned an Aa2.ru national scale rating to the company.

The outlook is stable.

Moody's said the corporate family rating mainly reflects IDGC of Urals' higher business risk compared with the generally low risk of regulated grid peers operating in developed markets and a large investment program that could create pressures on its financial profile and liquidity position, among other factors.

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