S&P ups Federal Grid to B+

Standard & Poor's said it raised its long-term issuer credit rating on Federal Grid Co. of the Unified Energy System to B+ from B.

At the same time, S&P affirmed its ruA+ Russia national scale rating on the company. The outlook is stable.

S&P said the rating action reflects the upgrade of Federal Grid's 100% parent RAO UES of Russia (B+/stable/--). The ratings on Federal Grid continue to be constrained by the ratings on RAO UES, which has a lower stand-alone credit quality from which Federal Grid is not fully ring-fenced.

© 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.