| 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
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
