MOESK, OJSC -- Moody's Interfax announces actions on NSRs: FGC UES on review for downgrade

Moscow, April 03, 2014 -- Moody's Interfax Rating Agency has today taken multiple national scale rating (NSR) actions on Russian utility companies. Moody's Interfax has placed on review for downgrade the Aaa.ru NSR of FGC UES, JSC. The agency affirmed the Aaa.ru NSR of OAO AK Transneft and Atomenergoprom, JSC, the Aa1.ru NSRs of Russian Grids, JSC, RusHydro, JSC and Inter RAO, JSC. Moody's Interfax also affirmed the Aa2.ru NSRs of five rated distribution grid subsidiaries of Russian Grids: IDGC of Center and Volga Region, JSC, IDGC of Urals, JSC, IDGC of Volga, JSC, Lenenergo, JSC, MOESK, OJSC. Moody's Interfax is majority-owned by Moody's Investors Service (MIS).

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