RCS - PJSC Inter RAO UES - Moody's has changed Inter RAO credit rating

INTER RAO Lietuva ABAnnouncement

11/03/2022 15:00

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RNS Number : 5421E  PJSC Inter RAO UES  11 March 2022

 

Moody's has changed credit rating of Inter RAO

Moscow, March 11, 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 10, 2022 Moody's Investors Service
has changed corporate credit rating of Inter RAO from LT Issuer Rating
(Foreign) Baa3 with stable outlook to LT Corporate Family Ratings Caa2 with
negative outlook.

Previously on February 24, 2022 Moody's Investors Service confirmed corporate
credit rating of Inter RAO of Baa3 with stable outlook.

On January 29, 2018 Moody's Investors Service had upgraded corporate credit
rating of Inter RAO to baa3 from ba1 with stable outlook and on  February
15, 2019, on February 14, 2020, on February 25, 2021 Moody's Investors Service
confirmed corporate credit rating of Inter RAO of Baa3 with stable outlook.

Before that credit ratings were issued by Moody's on October 29, 2012 and were
confirmed on November 13, 2013, on April 03, 2014, on September 02, 2014, on
October 21, 2014 and on April 27, 2016.

On October 21, 2014 Moody's Investors Service has confirmed a Ba1 corporate
family rating (CFR) and probability of default rating (PDR) to Inter RAO, a
stable outlook was changed to a negative outlook.

 

On February 25, 2015 Moody's Investors Service has revised a Ba1 corporate
family rating (CFR) and probability of default rating (PDR) to Inter RAO with
the negative outlook to a Ba2 corporate family rating (CFR) and probability of
default rating (PDR) to Inter RAO with the negative outlook.

 

On December 07, 2015 Moody's Investors Service has revised a Ba2 corporate
family rating (CFR) and probability of default rating (PDR) to Inter RAO with
the negative outlook to a Ba2 corporate family rating (CFR) and probability of
default rating (PDR) to Inter RAO with the stable outlook.

 

On April 27, 2016 Moody's Investors Service has reconfirmed a Ba2 corporate
family rating (CFR) and probability of default rating (PDR) to Inter RAO with
the stable outlook to a Ba2 corporate family rating (CFR) and probability of
default rating (PDR) to Inter RAO with the stable outlook (without changes).

 

On January 16, 2017 Moody's Investors Service has revised a Ba2 corporate
family rating (CFR) and probability of default rating (PDR) to Inter RAO with
the stable outlook to a Ba1 corporate family rating (CFR) and probability of
default rating (PDR) to Inter RAO with the negative outlook.

 

On February 21, 2017 Moody's Investors Service has confirmed a Ba1 corporate
family rating and has revised a negative outlook to 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 utilities holding headquartered in Moscow and
managing assets in different countries. The company produces and sells
electric energy and heat, trades energy on the international market, and
engineers, designs and builds generating assets. Inter RAO Group owns and
operates approximately 30,7 GW of installed power generating capacity. Inter
RAO corporate strategy is focused on making the company a global energy
enterprise and a key player in the international energy market.

For further information see www.interrao.ru

 

 

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