| Title: | Russian Utility Mosenergo (AO) 'BB' And 'ruAA' Ratings Affirmed; Outlook Stable |
| Price: | $100.00 |
| Publication Date: | Aug 20, 2008 |
| Report Type: | News |
| Abstract: | FRANKFURT (Standard&Poor's) Aug. 20, 2008--Standard&Poor's Ratings Services said today it affirmed its 'BB' long-term corporate credit rating and 'ruAA' Russian national scale rating on electricity and heat generator Mosenergo (AO). The outlook is stable. "The ratings on Mosenergo are constrained by its ambitious capital expenditure program that creates significant external funding requirements, by its concentrated customer base, and growing exposure to the volatile spot electricity market," said Standard&Poor's credit analyst Sergei Gorin. Nevertheless, the ratings are supported by Mosenergo's strong market position in the wealthy and steadily growing Moscow region; operational benefits of affiliation with, and support from, OAO Gazprom (BBB/Stable/--), which now holds a 53.47% share in Mosenergo and is its major fuel |
| Brief Excerpt: | RESEARCH Ratings Definitions Russian Utility Mosenergo (AO) '##' And 'ruAA' Ratings Affirmed; Outlook Stable Publication date: ##-Aug-#### Primary Credit Analyst: Sergei Gorin, Moscow # ### ### ####; sergei_gorin@standardandpoors.com... |
| Word Count: | 692 |
| Ticker: | MSNG@RU |
| Issuer: | Mosenergo (AO) |
| GICS: | Electric Utilities (55101010) |
| Sector: | Global Issuers, Utilities, Electric |
| Country: | Russia |
| Region: | Europe, Middle East, Africa |
| Format: | 
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