December 19, 2016. Moscow, Russia.
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY)
announces that Standard & Poor's Global Ratings Services revised
its outlook on RusHydro from ‘stable’ to ‘positive’ and
affirmed 'BB' long-term and 'B' short-term corporate credit ratings
and 'ruAA' Russian national scale rating on the Company.
Standard & Poor's considered RusHydro's
improving operating performance and assessed the Company’s
liquidity as adequate, reflecting large cash balances, manageable
debt maturities, and proven to access the capital markets. Standard &
Poor's also believes that RusHydro capital raising for repayment RAO
ES East’s debt demonstrates ongoing government support and could
strengthen the Company’s financial profile.
The full report
is available on Standard & Poor's website at: