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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 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.
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