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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