Moody's upgrades Inter RAO to Ba1; outlook negative
London, 16 January 2017-- Moody's Investors Service, has today upgraded to Ba1 from Ba2 the corporate family rating of Inter RAO, PJSC the Russian state controlled major electric utility. Concurrently, the probability of default rating has been upgraded to Ba1-PD from Ba2-PD. The outlook on the ratings is negative.Inter RAO UES PJSC is a functioning operator of electricity exports and imports in the territory of Russia. Co. represents the interests of two Russian power sector participants: RAO UES of Russia and Rosenergoatom concern, which possess 60 and 40% of the shares respectively. Co. is engaged in arranging transboundary electricity supplies, to provide both domestic and foreign consumers with electric power. Co. is also engaged in pursuing effective investment activities. Co. is developing several areas of activity, including: electric power export and import supplies; electricity sales in home and foreign markets; investment activities; and foreign asset management.
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