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Ratings of 12 Major Companies Reflects Russian Economic Recovery - Moody’s

© REUTERS / Brendan McDermid Moody's
Moody's - Sputnik International
The ratings outlook on the financing of 12 Russian utility and infrastructure companies has been raised from negative to stable, the New York–based Moody’s Investors Service said in a statement.

WASHINGTON (Sputnik) — The actions follow Moody's change of the outlook on Russia's government Ba1/Not Prime (NP) bond rating to stable from negative on December 3. It reflects the stabilization of Russia's external finances and the diminished likelihood of the Russian economy or finances facing a further shock in the next 12-18 months, the statement noted.

"Moody's Investors Service changed to stable from negative the outlook on the ratings of 12 Russian utility and infrastructure companies government-related issuers (GRIs) and their subsidiaries," the statement said on Monday. "Concurrently, Moody's has affirmed these ratings."

The companies include RusHydro, Atomenergoprom, Inter RAO and Transneft, according to the statement.

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