HomePress CenterNews2014 (october)Standard & Poors affirmed the credit rating of Atomenergoprom at the sovereign BBB-

News

23 October

Standard & Poors affirmed the credit rating of Atomenergoprom at the sovereign BBB-

On October 23, 2014 the credit ratings service Standard & Poor’s affirmed the long-term and short-term credit ratings -/-3 of Atomenergoprom (a ROSATOM’s company), which enjoys a monopoly in the Russian nuclear power. The ratings outlook is “Negative”, which reflects the similar outlook for ratings of the Russian Federation.

Therefore, at the present moment the credit ratings of Atomenergoprom are at highest possible – sovereign level – and correspond to the credit ratings of the Russian Federation.

The ratings of Atomenergoprom reflect the opinion of the credit ratings service Standard & Poor's about “highly likely” probability of getting timely and sufficient assistance from the Government of the Russian Federation by the holding in a stressful financial situation. The rating agency report notes that the positive impact on the company’s business solvency is produced by the vertically integrated business model, guaranteed monopoly in the civilian nuclear sector in the Russian Federation, strong market positions in building NPPs, mining, conversion and enrichment of uranium feed, as well as fabrication of fuel assemblies. According to the rating agency’s criteria, Atomenergoprom’s liquidity indicators are rated as “adequate”.

Report of Standard & Poor's credit ratings service (pdf)

Communications Department of ROSATOM

back to the News