Fitch affirms Mosenergo

Fitch Ratings said it affirmed PJSC Mosenergo's long-term foreign-currency issuer default rating at BBB-.

The outlook is stable.

Fitch said the affirmation reflects its expectations that Mosenergo will maintain strong credit metrics over 2018-2022 on the back of strong funds from operations (FFO), in the near-term driven by a solid share of EBITDA generated under capacity supply agreements (CSA), despite high capex and dividends.

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