Fitch affirms RusHydro

Fitch Ratings said it affirmed JSC RusHydro's long-term foreign and local currency issuer default ratings at BB+ with a positive outlook.

The agency said it has also affirmed the national long-term rating at AA(rus) with a positive outlook and the foreign currency senior unsecured rating at BB+.

According to Fitch, RusHydro's ratings continue to be driven by the explicit support from Russia (BBB/positive/F3), its majority shareholder, and reflect their strong operational and strategic ties.

The agency assesses RusHydro's standalone creditworthiness in the mid BB rating category.

© 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.