Standard & Poor’s (S&P) upgraded the long term credit rating to Rosseti's two subsidiaries, MOESC and MRSK of the Center (that provide services under Rosseti Moscow Region and Rosseti Center, respectively) to BB+ under the global scale, with the stable outlook.
This event was preceded by the rating meeting with the agency held by Rosseti's financial unit management, where the holding's key performance indicators, the forecast indicators and development plans, in particular, as concerns digital transformation of the grid and legislative regulation of the industry, were presented. Similar meetings were held in the subsidiaries.
When the decision as to upgrading the credit rating and assessment of own credit standing was made for MOESC and MRSK of the Center , the agency noted the stable improvement of the operating performance and its strategic significance for the national economy.
"Upgrading of MOESC and MRSK of the Center's credit ratings is surely positive news for us and the investment community. Dealing with the rating agencies is among the top priority objectives for Rosseti Group. It is intended to curtail the debt service costs for all companies making part of the holding. The decision is a fair efficiency assessment of Rosseti Group's financial policy", commented Mr. Egor Prokhorov, Vice President, Finances, at Rosseti, on the event.
The full text of materials published by Standard&Poor’s is available on the rating agency's official website: https://www.standardandpoors.com/.