Moody’s Affirms IDGC of Urals Aa2 National Scale Ratin
OREANDA-NEWS. February 17, 2014. Following the affirmation of the global scale ratings Moody's Investors Service affirmed Aa2 national scale rating of IDGC of Urals.
To affirm IDGCU's ratings Moody's took into account the following expectations of their analysts:
1) The government will allow the company to maintain a degree of linkage between tariffs and investment program.
2) Compensatory measures will be introduced for distribution grids exposed to a revenue loss from the cancelled last-mail agreements.
The largest shareholder is Russian Grids, owning 51.5% of the charter capital in IDGC of Urals. In Moody's opinion, following the transition of FSK UES under its control Russian Grids strengthened its links with the government and nowadays play the leading role in the Russian grid sector. Сorporate family ratings of IDGC of Urals, incorporate one additional notch for state support available through Russian Grids, to their standalone credit quality.
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