Moody's affirms ratings of 12 utilities, infrastructure cos
LONDON. April 27 (Interfax) - Moody's has confirmed the ratings of Transneft , Atomenergoprom and Federal Grid Co at Ba1 with a negative outlook, the rating agency said in a press release on Wednesday.
Concurrently, the agency has confirmed the ratings of Inter RAO and RusHydro , as well as Russian Grids and subsidiaries Moscow United Electric Grid Company (MOESK) , Lenenergo , IDGC of Center and Volga , IDGC of Urals and IDGC of Volga at Ba2 with a stable outlook, and of Novorossiysk Commercial Sea Port, PJSC (NCSP) at Ba3 with a stable outlook.
These actions follow Moody's confirmation of Russia's government bond rating at Ba1 with a negative outlook on April 22, 2016 and conclude the review for downgrade initiated by Moody's on March 9, 2016, Moody's said.