Standard&Poor’s rating agency upgraded Rosseti's long-term credit rating down to the investment level (ВВВ-, Stable forecast)
On February 27, 2018, Standard&Poors, a global rating agency, upgraded Rosseti's long-term credit rating to BBB- in the global scale, with the stable outlook. This rating action followed the upgrade of the Russian Federation sovereign rating to the investment level (ВВВ-, with the Stable outlook), which occurred earlier (on February 23, 2018).
This rating action raised Rosseti's credit rating to the investment level, just as the Russian Federation sovereign rationg, which points to the Company's high financial stability and its strategic significance for the industry and the entire state.
"The resolution of Standard&Poor’s rating agency on Rosseti's credit rating and its upgrade to the investment level is, no doubt, a positive news to us. Against the background of the Agency's upgrading of the whole Russian economy rating, it makes Rosseti attractive to both local and global investors, which poses the entirely new objectives to us and is to lead the company to new achievements in its business. In our opinion, the symmetry of rating actions towards Rosseti and the sovereign rating, which is due to the high level of the company's own creditworthiness assessment, results from Rosseti Group's systemic work and uniform financial policy as part of the Uniform Treasury," commented Egor Prokhorov, Deputy General Manager, Finance, at Rosseti PJSC, on Standard&Poor’s resolution.