Standard & Poor's Global Ratings Services revised its outlook on RusHydro from "stable" to "positive"
OREANDA-NEWS. 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.