E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers R > Headlines for RAO UES > News item
Published on 9/25/2007 in the Prospect News Emerging Markets Daily.

S&P: RAO UES, Federal Grid unchanged

Standard & Poor's said its ratings on RAO UES of Russia (BB/stable) and Federal Grid Co. of the Unified Energy System (BB+/positive) are unaffected by RAO UES's plan to borrow up to RUR 50 billion to finance a potential obligatory share buyback.

The buyback may be required after shareholders vote on the company's restructuring plan on Oct. 26, the agency said.

According to S&P, the ratings on RAO UES and Federal Grid already incorporate the risks of restructuring.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.