The rating agency Standard & Poor’s raised the long-term credit rating of Rosseti Centre

On 22 July 2019, the international rating agency Standard & Poor’s raised the long-term credit rating of IDGC of Centre, PJSC (since June 2019, operating under the brand “Rosseti Centre”) from BB to BB+ on the international scale with the Stable outlook.

The key factors in the rating of Rosseti Centre were stable operational indicators, balanced debt load changes, and the high systemic importance of the company, both for the regions of its activity (it operates in 11 regions of the Russian Federation) and for Rosseti’s Group.

When making the decision on increasing the credit rating of IDGC of Centre, PJSC, the agency took into account the stable results of the Company’s operating activities, sufficient liquidity on the horizon for 12 months and the expectation of a positive cash flow in the medium term.

“The next increase in the credit rating of Rosseti Centre testifies to the financial stability of the Company and the compliance of its activities with high standards of corporate governance recognized in the Russian practice,” stressed General Director of Rosseti Centre - the managing organization of Rosseti Centre and Volga Region Igor Makovskiy.