Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Mosvodokanal JSC > News item |
S&P ups Mosvodokanal, Vodokanal
S&P said it raised its long- and short-term issuer credit ratings on Mosvodokanal JSC to BBB-/A-3 from BB+/B.
At the same time, the agency raised its long-term issuer credit rating on Vodokanal St. Petersburg to BB+ from BB and affirmed the B short-term rating.
The outlooks are stable.
The actions follow the upgrade of Russia on Feb. 23.
The agency said the upgrades reflect that the utilities are considered to be government-related entities of Moscow and St. Petersburg, respectively, and S&P considers that the cities' ability to provide their respective utilities with support has improved.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.