October 3, 2017. Moscow, Russia.
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY)
announces that it has been informed by the Analytical Credit Agency
ACRA that on September 29, 2017 the Agency has assigned to the
Company top credit rating on the national scale: AAA(Ru), outlook
stable. The Agency also assigned credit rating of AAA(Ru) to the new
RUB 20 bn Eurobond issue of RusHydro.
RusHydro is one of the first Russian state-owned
companies and the first utility company to receive the credit rating
Analysts of the Agency have evaluated RusHydro as
the key player in the Russian power generation market with
sustainable business profile, well-developed corporate governance
system and a conservative financial policy, allowing the company to
support high profitability while maintaining moderate leverage. The
Agency also emphasized high level of government support to the
company due to critical systemic importance of the Company for the
Nikolay Shulginov, Chairman of the Management
Board - General Director of RusHydro: “Two years of efficient work
enabled us to transform the Company, attain significant growth of
EBITDA and reduce leverage, as well as improve operational and
investment efficiency of RusHydro Group. The rating, assigned by
ACRA, reflects the results we have achieved and acknowledges high
level of Company’s creditworthiness”.