OREANDA-NEWS  On 24 February was announced, that international ratings agency Fitch Ratings upgraded DTEK's national long term rating.

The international ratings agency Fitch Ratings has upgraded the national long term ratingof DTEK Holdings Limited from AA- to AA+ with the stable outlook. The key reason for the rating revision is significant improvement of the Company's credit portfolio.

Also, Fitch Raitings has affirmed the short term currency rating of DTEK at the rating B+ and downgraded the long term currency rating from B+ to B. According to the official statement of the Agency such ratings downgrade is, first of all, the result of revision of the sovereign rating of Ukraine.

CFO of DTEK Yuriy Ryzhenkov underlined: "Downgrading of the long term currency rating of DTEK is a technical procedure; our performance indicators are limited by the country's risks. Nonetheless, our national rating has changed from AA- to AA+, which is the second highest possible rating. This proves again that DTEK, due to the right strategy and efficient risk management, remains in a stable position and keeps developing even at this time of economic downturn".

Profile

DTEK is the first private vertically-integrated power company in Ukraine. It belongs to the financial and industrial group System Capital Management (SCM). DTEK enterprises form an efficient coal mining (Pavlogradugol and Komsomolets Donbassa Mine) and enrichment chain (five enrichment facilities) as well as an energy generation (Vostokenergo) and electricity distribution chain (Service Invest and PES Energougol).

DTEK holds the leading positions in fuel and energy sector of Ukraine. Following performance in 2008, the Company' share in the coal mining industry of Ukraine amounted to 22.6%, in thermal generation - 27% and electricity distribution – 6.5%.

For additional information: www.dtek.com.