Title:

Research Update: Russian Utility Mosenergo (AO) 'BB' And 'ruAA' Ratings Affirmed; Outlook Stable

Price:$175.00
Publication Date:Aug 20, 2008
Report Type:Research Update
Abstract:On Aug. 20, 2008, Standard&Poor's Ratings Services 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, which creates significant external funding requirements; its concentrated customer base; and growing exposure to the volatile spot electricity market. 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 supplier; its low-cost thermal combined heat and power generation portfolio; and significant share of
Brief Excerpt:RESEARCH Ratings Definitions Research Update: 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:1076
Ticker:MSNG@RU
Issuer:Mosenergo (AO)
GICS:Electric Utilities (55101010)
Sector:Global Issuers, Corporations, International Public Finance, Utilities, Electric, Energy, Gas, Metals & Mining
Country:Russia
Region:Europe, Middle East, Africa
Format:HTML HTML
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

 
Purchase Report
Price: $175.00




S&P Credit Research

S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

  about us contact us public company index private company index pcan widget your privacy rights terms & conditions