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| Prospect News home > News index > List of issuers M > Headlines for Moscow Integrated Power Co., JSC > News item |
Fitch drops Moscow Integrated to junk
Fitch Ratings said it downgraded OJSC Moscow Integrated Power Co.'s long-term foreign-currency issuer default rating to BB+ from BBB-.
The outlook remains negative.
The agency downgraded the company's short-term issuer default rating to B from F3 and its national long-term rating to AA(rus) from AA+(rus).
The actions reflect the downgrade of Moscow's long-term foreign- and local-currency ratings to BBB from BBB+ and its short-term rating to F3 from F2. The outlook is negative.
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