June 09, Moscow, Russia.
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY)
announces that Analytical Credit Rating Agency (ACRA) has confirmed
RusHydro’s credit and bond credit ratings both at AAA(RU), the
highest level, and affirmed the outlook at “Stable”.
ACRA’s analysts quoted the company’s solid
corporate governance system, low leverage and sound debt servicing
performance. They also mentioned that RusHydro’s rating is also
contingent on its systematical importance to Russian Federation’s
For 2020 and in the medium term (2021-2022) ACRA
expects further improvements to the Company’s financial profile,
primarily deleveraging and free cash flow growth.
Nikolay Shulginov, Chairman of the Management
Board – General Director of RusHydro commented: “RusHydro
continues to demonstrate solid operational and financial performance
along with high credit standings recognized by ACRA. Management’s
ongoing systematic improvements in operational efficiency contributes
to the company’s investment attractiveness and creates shareholder