Fitch Ratings has upgraded Inter RAO credit rating
Source: RNSFitch Ratings has upgraded Inter RAO credit rating
Moscow, August 15, 2019 - Public Joint Stock Company "Inter RAO UES" ("Inter RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announces that on August 15, 2019 independent rating agency Fitch Ratings (Fitch Ratings CIS Ltd.) has upgraded corporate credit rating of PJSC "Inter RAO" from 'BBB-' to 'BBB' on the International Credit Rating Scale and has changed outlook to "stable".
On August 06, 2018 independent rating agency Fitch Ratings (Fitch Ratings CIS Ltd.) has confirmed a corporate credit rating of PJSC "Inter RAO" at 'BBB-' on the International Credit Rating Scale with the "stable" outlook.
On February 06, 2017 Fitch Ratings (Fitch Ratings CIS Ltd.) had withdrawn corporate National Scale Rating assigned to Inter RAO on October 20, 2016. The decision to withdraw national ratings followed a new credit rating industry regulation that had resulted in Fitch Ratings' Russian National Scale Ratings not useable for regulatory purposes.
On October 20, 2016 Fitch Ratings affirmed a corporate credit rating of PJSC "Inter RAO" at 'BBB-' on the International Credit Rating Scale and changed the outlook from "negative" to "stable". Also Fitch Ratings affirmed Inter RAO a National Long-term rating at "AA+(rus)" on the National Credit Rating Scale with a stable outlook.
On June 09, 2016 Fitch Ratings affirmed the previously assigned (on 06/11/2015) corporate credit rating of PJSC "Inter RAO" at 'BBB-' on the International Credit Rating Scale with a negative outlook and affirmed the corporate credit rating at "AA+(rus)" on the National Credit Rating Scale with a stable outlook.
On March 14, 2013 and on March 20, 2014 rating agency Fitch Ratings affirmed the previously assigned (on 03/15/2012) corporate credit rating of PJSC "Inter RAO" at 'BB+' on the International Credit Rating Scale and National Long-term rating at "AA (rus)" on the National Credit Rating Scale with stable outlook.
The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.
For further information, please contact Inter RAO:
Larisa Sadovnikova Head of Investor Relations +7 495 664-88-40 (ext. 2068)
Nikolay Gorelov Press Secretary +7 495 664-88-40 (ext. 2010)
Svetlana Sidelnikova Head of Corporate Relations +7 495 664-88-40 (ext.2081)
Svetlana Ivanichkina Financial Director +7 495 664-88-40 (ext.2302)
Inter RAO is a diversified utilities holding headquartered in Moscow and managing assets in different countries. The company produces and sells electric energy and heat, trades energy on the international market, and engineers, designs and builds generating assets. Inter RAO Group owns and operates approximately 33.3 GW of installed power generating capacity. Inter RAO corporate strategy is focused on making the company a global energy enterprise and a key player in the international energy market.
For further information see www.interrao.ru
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