Moody’s might cut Enel Russia

Moody's Investors Service said it placed Enel Russia, PJSC's Ba3 corporate family rating and Ba3-PD probability of default rating on review for downgrade.

The outlook was changed to ratings under review from stable.

The agency said the review follows the company’s announcement that it is selling its largest generating asset Reftinskaya GRES to the electricity-generating arm of SUEK JSC (Ba2, stable) for RUB 21 billion plus a contingent component of RUB 3 billion.

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