S&P ups Moscow United Electric

Standard & Poor's said it raised Moscow United Electric Grid Co. JSC's long-term corporate credit rating to BB from BB- and Russia national scale rating to ruAA from ruAA-.

The outlook is stable.

The agency removed all ratings from CreditWatch, where they were placed with positive implications on Nov. 30.

S&P said the action reflects its view of Moscow United's improved liquidity and liquidity management, and the expectations that its credit metrics will remain adequate for the stand-alone credit profile in at least the next two years, supported by new tariff decisions effective for 2012-2017.

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