• SELECT SITE CURRENCY
Select a currency for use throughout the site
Russia's Federal Grid Co. Lifted To 'BB+/ruAA+' Following Review; Off Watch; Outlook Pos Feb 07
Standard & Poors, February 2007
MOSCOW (Standard & Poor's) Feb. 2, 2007--Standard & Poor's Ratings Services said today that it raised its long-term corporate credit rating on Russian electricity transmission grid operator Federal Grid Co. of the Unified Energy System (FGC) to 'BB+' from 'B+' and its Russia national scale rating to 'ruAA+' from 'ruA+'. At the same time the ratings were removed from CreditWatch, where they had been placed with positive implications on Nov. 15, 2006. The outlook is positive. "The upgrade reflects the increased probability of extraordinary government support for FGC in case of financial distress, and follows a review of Russian governmental influence on government-related entities," said Standard & Poor's credit analyst Eugene Korovin. We believe that FGC's strategic and economic importance;...
Companies mentioned in this report are: Federal Grid Co. of the Unified Energy System,RAO UES of Russia
Action: Outlook: Positive
Action: Removed From CreditWatch
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 Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Federal Grid Co. of the Unified Energy System,RAO UES of Russia