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Russian Energy Utility Mosenergo (AO) Upgraded To 'BB/ruAA' On Improved Performance; Outlook Stable May 11 Product Image

Russian Energy Utility Mosenergo (AO) Upgraded To 'BB/ruAA' On Improved Performance; Outlook Stable May 11

  • Published: May 2011
  • Region: Russia
  • Standard & Poors

Abstract
Russia-based energy utility Mosenergo reported a strong financial performance and cash flow generation in 2010. Our view of an improved financial risk profile supports a higher stand-alone credit profile assessment. We are raising our ratings on Mosenergo to 'BB/ruAA' from 'BB-/ruAA-'. The stable outlook reflects our view that Mosenergo's key credit metrics and liquidity will likely remain commensurate for the ratings. MOSCOW (Standard & Poor's) May 27, 2011--Standard & Poor's Ratings Services said that it had raised its long-term corporate credit and Russia national scale ratings on Russia-based electricity and heat generator Mosenergo (AO) to 'BB/ruAA' from 'BB-/ruAA-'. The outlook is stable. The upgrade reflects a combination of strong operating cash-flow generation at Mosenergo, which we expect to be sustainable,...

Companies mentioned in this report are:
- Mosenergo (AO)

Action: Outlook: Stable
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit READ MORE >

- Mosenergo (AO)

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