DJ PJSC RusHydro: Fitch Ratings upgraded RusHydro's credit rating to sovereign grade
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 [1]
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
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=308abd9797bf0058b10da9c00ac16104&application_id=1150215&site_id=vwd&application_name=news
(END) Dow Jones Newswires
November 24, 2020 05:53 ET (10:53 GMT)
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