On November 7, 2019, the international rating agency Moody’s Investors Service Ltd affirmed the credit rating of PJSC "IDGC of Volga" (operates under "Rosseti Volga" brand) at Ba1 level with “stable” outlook.

Moody’s initially assigned a long-term credit rating of PJSC "IDGC of Volga" in October 2012 at level Ba2 with “stable” outlook, and then affirmed it in 2013, 2014, 2015 and 2016. In December 2017, the rating was upgraded to level Ba1 with “stable” outlook and confirmed in 2018.

The rating of PJSC "IDGC of Volga" reflects the following assessments of the company's credit profile: (1) monopoly position and regulated nature of electricity distribution activities in the regions of presence; (2) stable financial position, as evidenced by the preservation of financial indicators at a high level: “Coverage of interest expenses by income from operating activities ((FFO) / Interest)” at 20.0x, and “Coverage of net debt by income from operating activities ((FFO / net debt)” over 100% due to stable generation of cash flows and a two-fold reduction in debt compared to 2016; the agency expects that financial performance will remain within the threshold values for this rating; and (3) good liquidity.

The full content of materials published by Moody’s can be found on the official website of the rating agency https://www.moodys.com/.