S&P lifts Rosseti subsidiaries

S&P said it raised its issuer credit ratings on Interregional Distribution Grid Co. of Centre. PJSC and Moscow United Electric Grid Co. PJSC to BB from BB-. The outlooks are stable.

The agency also affirmed the B short-term issuer credit rating on Interregional Distribution.

At the same time, S&P affirmed the BB+ issuer credit ratings on PJSC Rosseti and Federal Grid Co. of the Unified Energy System. The outlooks are positive.

The agency also affirmed the B short-term issuer credit rating on Rosseti.

The upgrades on Interregional Distribution and Moscow United Electric Grid reflect an expectation of support from parent company Rosseti, given their moderately strategic status in the Rosseti group, S&P said.

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