November 24, Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Fitch Ratings raised long-term corporate credit ratings on PJSC RusHydro and the company’s bonds to sovereign grade ‘BBB’ (outlook stable).

The rating agency’s analysts quoted a high level of government support, RusHydro’s increasing role as issuer of loan-participation notes on international markets aided by its solid financial and operational results for the first half of the year. Fitch Ratings expects the company’s financial profile to remain stable.

In light of Fitch’s upgrade, RusHydro’s level long-term corporate credit ratings from the leading international credit rating agencies are now at sovereign grade.

Such action further affirms RusHydro’s status as a reliable government systemic infrastructure company and a high credit quality borrower in international capital markets

The full report is available on Fitch Ratings’ website at: www.fitchratings.com 

For reference:

PJSC RusHydro has been assigned the following international long-term corporate credit ratings at the sovereign (investment) level: S&P – ‘BBB-‘ (outlook ‘Stable’), Moody’s – ‘Baa3’ (outlook ‘Stable’), Fitch – ‘BBB‘ (outlook ‘Stable’); and national credit rating ACRA – ‘AAA(RU)’ (outlook ‘Stable’).