Fitch Ratings has changed Inter RAO credit rating

MOSCOW, RUSSIA: Public Joint Stock Company “Inter RAO UES” (“Inter RAO”, “Company”, ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, introduced that on March 04, 2022 independent rating company Fitch Ratings (Fitch Ratings CIS Ltd.) has modified company credit score standing of PJSC “Inter RAO” from ‘BBB’ with the “stable” outlook to ‘B’ with the “negative” outlook on the International Credit Rating Scale.

Previously on December 16, 2021 independent rating company Fitch Ratings (Fitch Ratings CIS Ltd.) has confirmed a company credit score standing of PJSC “Inter RAO” at ‘BBB’ on the International Credit Rating Scale with the “stable” outlook.

On March 15, 2021 independent rating company Fitch Ratings (Fitch Ratings CIS Ltd.) has confirmed a company credit score standing of PJSC “Inter RAO” at ‘BBB’ on the International Credit Rating Scale with the “stable” outlook.

Оn March 19, 2020 independent rating company Fitch Ratings (Fitch Ratings CIS Ltd.) has confirmed a company credit score standing of PJSC “Inter RAO” at ‘BBB’ on the International Credit Rating Scale with the “stable” outlook.

On August 15, 2019 independent rating company Fitch Ratings (Fitch Ratings CIS Ltd.) has upgraded company credit score standing of PJSC “Inter RAO” from ‘BBB-‘ to ‘BBB’ on the International Credit Rating Scale and has modified outlook from the “positive” to “stable”.

On August 06, 2018 independent rating company Fitch Ratings (Fitch Ratings CIS Ltd.) has confirmed a company credit score standing 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 had withdrawn company National Scale Rating assigned to Inter RAO on October 20, 2016. The decision to withdraw nationwide ratings adopted a brand new credit score standing 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 company credit score standing of PJSC “Inter RAO” at ‘BBB-‘ on the International Credit Rating Scale and modified 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 beforehand assigned (on 06/11/2015) company credit score standing of PJSC “Inter RAO” at ‘BBB-‘ on the International Credit Rating Scale with a negative outlook and affirmed the company credit score standing at “AA+(rus)” on the National Credit Rating Scale with a stable outlook.

On March 14, 2013 and on March 20, 2014 rating company Fitch Ratings affirmed the beforehand assigned (on 03/15/2012) company credit score standing 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.

www.interrao.ru/en/

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