Credit ratings

In 2018, international rating agencies revised the credit rating of the Inter RAO Group.

Fitch Ratings

Fitch Ratings affirmed the Inter RAO Group’s global credit rating at BBB– and revised the outlook from Stable to Positive. Thus, the Inter RAO Group’s rating corresponds to the sovereign credit rating of the Russian Federation (BBB– with a Positive outlook).

At the same time, Fitch revised the Inter RAO Group’s independent credit rating from BB+ to BBB–, which, according to a press release from Fitch Ratings, “reflects the Group’s strong position on the energy market and is a result of its top financial performance among electric power companies rated by the agency in Russia and the CIS.”

Moody’s Investors Service

As part of an extraordinary revision, the global credit rating of the Inter RAO Group was raised from Ba1 (Stable outlook) to Baa3 (Stable outlook). Thus, the Inter RAO Group’s credit rating was assigned to the investment category.

The agency’s press release says that the credit rating reflects the high level of solvency of the Inter RAO Group due to the Group’s flexible business model, diversified business profile, and high asset efficiency. The agency also noted the Group’s low level of debt and strong position in terms of current liquidity.