The ratings outlook on the financing of 12 Russian utility and infrastructure companies has been raised from negative to stable, the New York–based Moody’s Investors Service said in a statement. © REUTERS/ Brendan McDermid
The ratings outlook on the financing of 12 Russian utility and infrastructure companies has been raised from negative to stable, the New York–based Moody’s Investors Service said in a statement. © REUTERS/ Brendan McDermid

The actions follow Moody’s change of the outlook on Russia’s government Ba1/Not Prime (NP) bond rating to stable from negative. It reflects the stabilization of Russia’s external finances and the diminished likelihood of the Russian economy or finances facing a further shock in the next 12-18 months, the statement noted.

“Moody’s Investors Service changed to stable from negative the outlook on the ratings of 12 Russian utility and infrastructure companies government-related issuers (GRIs) and their subsidiaries,” the statement said. “Concurrently, Moody’s has affirmed these ratings.”

The companies include RusHydro, Atomenergoprom, Inter RAO and Transneft, according to the statement.