RAO UES 'BB' And Federal Grid Co. 'BB+' Ratings On Watch Positive After Restructuring News Oct 07
- ID: 1857146
- October 2007
- Standard & Poors
LONDON (Standard & Poor's) Oct. 31, 2007--Standard & Poor's Ratings Services said today it placed its 'BB' long-term corporate credit rating and 'ruAA' Russia national scale rating on RAO UES of Russia, the 52.7% Russian government-owned holding company of Russian energy utility RAO UES group, on CreditWatch with positive implications. At the same time, the 'BB+' long-term corporate credit rating and the 'ruAA+' Russia national scale rating on Russian electricity transmission grid operator Federal Grid Co. of the Unified Energy System (FGC), the 87.6% subsidiary of RAO UES, were also placed on CreditWatch with positive implications. The rating actions on RAO UES and FGC follow shareholder approval for the second stage of RAO UES' restructuring and merger with FGC. "The...
Companies mentioned in this report are: RAO UES of Russia,Federal Grid Co. of the Unified Energy System
Action: On CreditWatch:Positive
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