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Fitch assigns "BB+" rating to Enel Russia with stable outlook

December 21, 2015, 18:13 UTC+3 LONDON
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LONDON, December 21. /TASS/. Fitch Ratings assigned the first-time long-term issuer default rating at "BB+" to Enel Russia energy company with the stable outlook, the international rating agency said on Monday.

The rating is supported by the company's strong credit metrics, steady generation of solid cash flows through capacity supply agreements, and the ability of Enel Russia to generate positive free cash flow, Fitch said.

Enel Russia headquartered in Moscow is one of the leading Russian wholesale producers of power and heat.

Total installed capacity of company’s power plants is 9,677 MW for power generation and 2,382 Gcal/h for heat. The share of Italian Enel Investment Holding B.V. in the charter capital of Enel Russia equals 56.43%.

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