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Research Update: Russian Transmission Operator Federal Grid Co. Outlook Revised To Positive; Ratings Affirmed Dec 05 Product Image

Research Update: Russian Transmission Operator Federal Grid Co. Outlook Revised To Positive; Ratings Affirmed Dec 05

  • Published: December 2005
  • Region: Russia
  • Standard & Poors

Abstract
On Dec. 12, 2005, Standard & Poor's Ratings Services revised its outlook on Russia-based electricity transmission grid operator Federal Grid Co. of the Unified Energy System (FGC) to positive from stable. At the same time, Standard & Poor's affirmed its 'B+' long-term corporate credit rating and 'ruA+' Russian national scale rating on the company. The outlook revision reflects the expectation that FGC's risks of weaker parent interference and the negative implications of the planned reorganization of RAO UES of Russia (B+/Developing/--), FGC's parent company, will be reduced after approval of the ultimate reorganization scheme of RAO UES by its shareholders in the next one to two years. These risks should disappear once FGC is unbundled from RAO UES as a...

Companies mentioned in this report are: Federal Grid Co. of the Unified Energy System,RAO UES of Russia
Action: Affirmed
Action: Outlook: Positive

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Federal Grid Co. of the Unified Energy System,RAO UES of Russia

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