RCS - PJSC Inter RAO UES - Fitch Ratings has changed Inter RAO credit rating

INTER RAO Lietuva ABAnnouncement

15/03/2022 16:00

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RNS Number : 8680E  PJSC Inter RAO UES  15 March 2022

Fitch Ratings has changed Inter RAO credit rating

Moscow, March 15, 2022 - Public Joint Stock Company "Inter RAO UES" ("Inter
RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities
holding in Russia, announces that on March 11, 2022 independent rating agency
Fitch Ratings (Fitch Ratings CIS Ltd.) has downgraded Inter RAO's LT FC IDR to
'CC' from 'B'/RWN.

Previously on March 04, 2022 independent rating agency Fitch Ratings (Fitch
Ratings CIS Ltd.) has changed corporate credit rating of PJSC "Inter RAO" from
'BBB' with the "stable" outlook to 'B' with the "negative" outlook on the
International Credit Rating Scale.

On December 16, 2021 independent rating agency Fitch Ratings (Fitch Ratings
CIS Ltd.) has confirmed a corporate credit rating of PJSC "Inter RAO" at 'BBB'
on the International Credit Rating Scale with the "stable" outlook.

On March 15, 2021 independent rating agency Fitch Ratings (Fitch Ratings CIS
Ltd.) has confirmed a corporate credit rating of PJSC "Inter RAO" at 'BBB' on
the International Credit Rating Scale with the "stable" outlook.

Оn March 19, 2020 independent rating agency Fitch Ratings (Fitch Ratings CIS
Ltd.) has confirmed a corporate credit rating of PJSC "Inter RAO" at 'BBB' on
the International Credit Rating Scale with the "stable" outlook.

On August 15, 2019 independent rating agency Fitch Ratings (Fitch Ratings CIS
Ltd.) has upgraded corporate credit rating of PJSC "Inter RAO" from 'BBB-' to
'BBB' on the International Credit Rating Scale and has changed outlook from
the "positive" to "stable".

On August 06, 2018 independent rating agency Fitch Ratings (Fitch Ratings CIS
Ltd.) has confirmed a corporate credit rating of PJSC "Inter RAO" at 'BBB-' on
the International Credit Rating Scale with the "stable" outlook.

On February 06, 2017 Fitch Ratings (Fitch Ratings CIS Ltd.) had withdrawn
corporate National Scale Rating assigned to Inter RAO on October 20, 2016. The
decision to withdraw national ratings followed a new credit rating industry
regulation that had resulted in Fitch Ratings' Russian National Scale Ratings
not useable for regulatory purposes.

On October 20, 2016 Fitch Ratings affirmed a corporate credit rating of PJSC
"Inter RAO" at 'BBB-' on the International Credit Rating Scale and changed the
outlook from "negative" to "stable". Also Fitch Ratings affirmed Inter RAO a
National Long-term rating at "AA+(rus)" on the National Credit Rating Scale
with a stable outlook.

On June 09, 2016 Fitch Ratings affirmed the previously assigned (on
06/11/2015) corporate credit rating of PJSC "Inter RAO" at 'BBB-' on the
International Credit Rating Scale with a negative outlook  and affirmed the
corporate credit rating at "AA+(rus)" on the National Credit Rating Scale with
a stable outlook.

On March 14, 2013 and on March 20, 2014 rating agency Fitch Ratings affirmed
the previously assigned (on 03/15/2012) corporate credit rating of PJSC "Inter
RAO" at 'BB+' on the International Credit Rating Scale and National Long-term
rating at "AA (rus)" on the National Credit Rating Scale with stable outlook.

The foregoing information is disclosed in compliance with the Securities Act
of the Russian Federation.

For further information, please contact Inter RAO:

 

Larisa Sadovnikova               Head of Investor
Relations    +7 495 664-88-40 (ext. 2068)

sadovnikova_lv@interrao.ru (mailto:sadovnikova_lv@interrao.ru)

 

Nikolay Gorelov                    Press
Secretary                       +7 495 664-88-40 (ext.
2010)

gorelov_nv@interrao.ru (mailto:gorelov_nv@interrao.ru)

 

Svetlana Sidelnikova             Head of Corporate Relations and
Antitrust Compliance

 +7 495 664-88-40
(ext.2081)                                               chuchaeva_sy@interrao.ru
(mailto:chuchaeva_sy@interrao.ru)

 

Svetlana Ivanichkina              Financial Director
             +7 495 664-88-40 (ext.2302)

 
  ivanichkina_sv@interrao.ru (mailto:ivanichkina_sv@interrao.ru)

 

Inter RAO is a diversified energy holding, serving various segments electric
power industry. Inter RAO Group owns and operates approximately 30.7 GW of
installed power generation capacity. Its share of Russian retail electricity
and capacity market is over 18%.

 

 

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