Fitch revises Mosenergo outlook to positive

Fitch Ratings said it revised its outlook for Mosenergo PJSC to positive from stable, citing its revision of the company’s stand-alone credit profile to bbb- from bb+.

The agency revised the stand-alone profile based on Mosenergo’s “stronger business and financial profiles, which are supported by a consistent regulatory environment for electricity generation as well as predictable cash flows and credit ratios,” Fitch said in a press release.

Fitch affirmed Mosenergo’s long-term foreign and local currency issuer default ratings at BBB-.

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