Company Announcements

PJSC RusHydro: Fitch Ratings upgraded RusHydro's credit rating to sovereign grade

Source: EQS

PJSC RusHydro (HYDR)
PJSC RusHydro: Fitch Ratings upgraded RusHydro's credit rating to sovereign grade

24-Nov-2020 / 11:53 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


Fitch Ratings upgraded RusHydro's credit rating to sovereign grade

November 24, Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Fitch Ratings raised PJSC RusHydro's long-term foreign currency issuer default rating to 'BBB' from 'BBB-' on November 23, 2020. The rating agency affirmed the outlook at 'Stable'.

The same rating action took place towards the following PJSC RusHydro's local bonds:

Local bonds, Series 01, registration number 4-01-55038-E dated 23.09.2010

Local bonds, Series 02, registration number 4-02-55038-E dated 23.09.2010

Local bonds, Series 07, registration number 4-07-55038-E dated 27.12.2012

Local bonds, Series 08, registration number 4-08-55038-E dated 27.12.2012

Local bonds, Series 09, registration number 4-09-55038-E dated 27.12.2012

 

Such action further affirms RusHydro's status as a reliable government systemic infrastructure company and a high credit quality borrower in international capital markets

 

The full report is available on Fitch Ratings' website at: www.fitchratings.com

 

 

About RusHydro

RusHydro Group is the leading producer of renewable energy in Russia. It is Russia's largest generating company and is the fourth in the world with over 400 generating facilities. The Group's total electricity generation capacity including Boguchanskaya HPP is 38.0 GW.

 

 

For more information:

Investor Relations Department

Tel. +7 (495) 122 0555 ext. 1304

ir@rushydro.ru

 

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.

 



ISIN: US7821834048, RU000A0JPKH7
Category Code: MSCM
TIDM: HYDR
LEI Code: 2534005TJN9DX4YWVT97
OAM Categories: 2.2. Inside information
Sequence No.: 88423
EQS News ID: 1150215

 
End of Announcement EQS News Service

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