OREANDA-NEWS. Yekaterinburg (Ural Federal District, Russia) IDGC of Urals, OAO (MICEX: MRKU) reports on the confirmation of the rating.

On October 25, 2013 Moody's Investors Service confirmed corporate rating of IDGC of Urals, OAO at Ва2 (outlook Stable)/ Аа2.ru (national scale).

Ratings show a high reliability and stable financial profile of the Company in the long term. Leading positions in highly industrialized region, linkage between transmission tariffs and investment program, management commitment to maintaining low Debt/EBITDA and other factors positively influenced the assessment.

Rosseti, OAO is the largest shareholder of IDGC of Urals, OAO owning 51.5% of the charter capital. Since the state owns major stake in Rosseti, OAO and is concerned with the grid sector evolution, Moody's views the Company as a state-supported issuer.

In Moody's opinion, business risks are determined by evolving Russian grid sector and uncertain state policy regarding its future development. At the same time Moody's acknowledges stable outlook regarding the Company's rating since the Company has detailed development and adjustment plans with regard to changes in tariffs, funding and overall economic situation.