Credit ratings

RusHydro’s high credit quality is confirmed by S&P, Moody’s and Fitch, the three leading international rating agencies.

The Company’s strong operating performance, solid position in the domestic electricity market, coupled with healthy liquidity and leverage levels contributed to RusHydro’s improved credit standing in 2018 and early 2019. For the first time in the Company’s history, its long-term credit rating was upgraded to the investment grade to become on a par with the sovereign rating of the Russian Federation by all three rating agencies.

RusHydro’s rating is assigned under the national scale by the Analytical Credit Rating Agency (ACRA). In the reporting period, the Group enjoyed the top credit rating by ACRA.

Credit ratings as at March 31, 2019
Rating agency Long-term credit rating International scale foreign currency credit ratings by S&P, Moody’s, and Fitch. Credit rating outlook Changed/reaffirmed
S&P “BBB–” Stable April 27, 2018
Moody’s “Baa3“ Stable February 12, 2019
Fitch “BBB–“ Stable August 1, 2018
АКРА “AAA(RU)“ Stable June 29, 2018