S&P ups Interregional Distributive Grid

Standard & Poor's said it raised its long-term corporate credit rating on Interregional Distributive Grid Co. JSC of Center to BB from BB- and the Russia national scale rating on the company to ruAA from ruAA-.

S&P removed these ratings from CreditWatch, where they were placed with positive implications on Nov. 30, 2012, affirmed the B short-term rating.

The outlook is stable.

The rating action reflects S&P's view that IDGC of Center's improved credit metrics will remain adequate for the stand-alone credit profile over at least the next two years, supported by new regulatory tariffs effective 2012-2017.

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