OREANDA-NEWS. July 27, 2009. The rating agency "Expert RА" heightened the rating of solvency of "Tatenergo " (JSC) to А+ "Very High Solvency Level".

Positive factors, influencing the "Tatenergo" rating were the company inclusion in the list of the system ,making organization by Government of RF that have the strategic significance, high diversification of business and low debt burden. The company features the high figures of liquidity, sufficient level of forecasted and actual fund balances as well as the high level of informational transparency and corporate management.

"The debt portfolio of the holding contains only the bonded loan of 100% "subsidiary" - JSC "Generation Company" in amount of 2 billion rubles, which makes lesser than 5% of the consolidated profit of the holding for 2008. This characterizes positively the solvency of the holding", said the head of the investment ratings of "Expert RА" Pavel Mitrofanov. Tatenergo has been working on the market since 2002. Power engineering is the major activity. The holding incorporates JSC "Tatenergo", JSC " Generation Company", JSC "Grid Company", JSC "Kazan Thermal Network Company", JSC "Naberezhnye Chelny Thermal Network Company", JSC "Tatenergosbyt".

According to the biggest Russian companies rating "Expert 400" the "Tatenergo " holding ranks 80-th regarding sales.