Standard & Poor's Ratings Services Affirmed Credit Ratings on RusHydro
OREANDA-NEWS. JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that Standard & Poor's Ratings Services has revised its outlook on RusHydro from ‘negative’ to ‘stable’ and affirmed the 'BB+' long-term and 'B' short-term corporate credit ratings and the 'ruAA+' Russia national scale rating, as well as the ratings on related bonds issues.
Standard & Poor's assessed the Company’s liquidity as adequate with large cash balance, manageable debt maturity, and proven access to the capital markets. Standard & Poor's also believes that the recent allocation of federal funds in the amount of RUR 50 bn to RusHydro will strengthen its financial risk profile and reduce the upcoming funding needs.
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