Fitch: Slowing Russian Economy May Constrain Electricity Tariff Growth

Fitch Ratings says in a new report that Russia's economic slowdown and growing inflation may constrain electricity tariff growth. This, coupled with increasing interest rates and potentially weaker state support, may lead to pressure on some companies.

However, Fitch believes that rated Russian utilities have sufficient flexibility to defer or cancel their capital expenditure plans before their credit profiles see significant deterioration.