Rating agency Standard & Poor's upgraded the long-term credit rating of PJSC "MOESK" ("BB", the forecast is "stable").
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On February 8, 2018, the international rating agency Standard & Poor's upgraded the long-term credit rating of PJSC "MOESK" to the "BB" level on an international scale with a stable forecast.
The rating action against PJSC "MOESK" was carried out by Standard & Poor's taking into account the confirmation of the Company's financial stability, high level of reliability and strategic status of the company in the group of PJSC "Rosseti", which also includes the possible support of the majority shareholder, if necessary .
When deciding whether to raise the credit rating of PJSC "MOESK", the agency also took into account the company's well-balanced financial policy and effective liquidity management.
"We welcome Standard & Poor's decision to raise the company's credit rating. This event confirms our close interaction with the parent company, as well as a unified strategy for ensuring financial stability of PJSC "MOESK", - commented Vladimir Myasnikov, First Deputy General Director for Financial and Economic Activities and Corporate Governance of PJSC "MOESK".
The full text of the materials published by Standard & Poor's is available on the official website of the rating agency: https://www.standardandpoors.com/.