Thus, Inter RAO Group's credit rating has been upgraded to the investment grade level.
According to the agency, the upgraded credit rating evidences high creditworthiness of Inter RAO Group supported by the Group's agile business model, diversified portfolio of its activities and high performance of its assets. The agency also emphasizes a low debt ratio and a strong position in terms current liquidity.
“Upgrade of the credit rating and into the investment grade category is a milestone event for us,” said Chairman of Inter RAO Management Board Boris KOVALCHUK. “This is a result of the positive assessment of Inter RAO Group's strategy aiming at higher operating and financial performance, development of key business segments and maintenance of leading positions in the Russian electric power market.”