Moody's rating agency has lowered credit rating of five Russian energy and infrastructure companies with a negative outlook, the agency said in a report on Thursday.
Transneft, RusHydro, Atomenergoprom, Inter RAO and Rosseti are among the companies with the downgraded rating. The agency cited the worsening macroeconomic and financial climate in Russia as a reason for lowering ratings for the companies, as well as for downgrading Russia's sovereign debt rating to Ba1 on February 20.
Moody's lowered the issuer rating of Transneft and Atomenergoprom from Baa3 to Ba1. The issuer rating of RusHydro, Inter RAO and Rosseti was lowered from Ba1 to Ba2.