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Prospect News home > News index > List of issuers F > Headlines for Federal Grid Co. of the Unified Energy System > News item |
S&P rates Federal Grid B
Standard & Poor's said it assigned its B long-term foreign and local currency corporate credit ratings to Russia-based electricity transmission grid operator Federal Grid Co. of the Unified Energy System.
The outlook is positive.
S&P said the ratings on Federal Grid are constrained by the rating of its 100% parent, the electricity utility RAO UES of Russia (B/positive/--), which has a lower stand-alone credit quality from which Federal Grid is not fully ring-fenced.
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