Moody’s changes four Russian utilities to stable

Moody's Investors Service said it changed the outlook on the ratings of Atomenergoprom, JSC (Ba1), Inter RAO, PJSC (Ba1), Transneft, PJSC (Ba1) and its affiliate TransCapitalInvest DAC (Ba1) and FGC UES, JSC (Ba1) and its affiliate Federal Grid Finance Ltd. (Ba1) to stable from negative.

Concurrently, the agency affirmed these ratings.

This action follows Moody's Feb. 17 affirmation of Russia's Ba1/Not Prime government bond ratings and change of the outlook on these ratings to stable from negative.

Russia's foreign currency bond country ceiling remains unchanged at Ba1/Not Prime.

The change of the outlook on the ratings of four Russian utilities to stable from negative reflects that these ratings are positioned at the same level as Russia's sovereign. Moody's said it does not currently envision that these ratings could be higher than that of the sovereign.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.