Fitch Withdraws OAO AK Yakutskenergo's Ratings
February 4, 2014 Fitch Ratings
Fitch Ratings has withdrawn Russian utilities company OAO AK Yakutskenergo's (Yakutskenergo) ratings, as listed below.
KEY RATING DRIVERS
Fitch has withdrawn the ratings as the agency no longer has sufficient information to maintain the ratings after Yakutskenergo has chosen to stop participating in the rating process. Accordingly, Fitch will no longer provide ratings or analytical coverage for Yakutskenergo.
The ratings actions are as follows:
Long term foreign currency Issuer Default Rating (IDR): 'BB', Outlook Stable; withdrawn
Long term local currency Issuer Default Rating (IDR): 'BB', Outlook Stable; withdrawn
Long term National Rating: 'AA-(rus)', Outlook Stable; withdrawn
Company — Yakutskenergo
Full nameOpen joint stock company Yakutskenergo