Fitch Affirms RusHydro at BBplus; Outlook Positive
OREANDA-NEWS. September 13, 2011. JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that Fitch Ratings has affirmed long-term foreign and local currency Issuer Default Ratings (IDR) of RusHydro at "BB+" with a Positive Outlook. The agency has also affirmed the National Long-term Rating at "AA(rus)" with a Positive Outlook and the foreign currency senior unsecured rating at 'BB+'.
The agency notes in its report a solid financial position of the Company, marked by stable earnings growth in recent years. Fitch Ratings also accounted for an expected effect from consolidation of JSC RAO ES of East and updated investment plans.
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