Moody's withdraws FEGC's ratings
June 7, 2012 Moody's Investors Service
London, 07 June 2012 -- Moody's Investors Service has today withdrawn the B3 corporate family rating (CFR) and B3 probability of default rating (PDR) of JSC Far Eastern Generating Company ("FEGC"), the major power and heat generator in Russia's Far East. Prior to the withdrawal, FECG's ratings carried a stable outlook.
Moody's has withdrawn the ratings for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its Web site, www.moodys.com.
Moody's notes that FEGC has no debt rated by Moody's.
Headquartered in the city of Khabarovsk, Khabarovsky Krai, JSC FEGC ("FEGC") is the largest power and monopoly heat generator in the Russian Far East market. The company is part of the RAO Energy System of East Group, which is majority owned by the government-controlled RusHydro (Ba1 Stable). FEGC's 2011 revenues were RUB51.7 billion (around USD1.7 billion).
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Company — Far Eastern Generating Company
Full nameFar Eastern Generating Company JSC