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The rating agency Moody’s Investors Service has revised the long-term credit rating of Atomenergoprom
The rating agency Moody’s Investors Service October 21, 2014 has revised downwards the long-term credit rating of Atomenergoprom by 1 point at the international scale to Ваа3 with the “Negative” outlook. At the same time, Atomenergoprom’s rating at Aaa.ru at the national scale was affirmed.
The reduction of Atomenergoprom’s long-term rating was due to the similar rating action in regard to the sovereign credit ratings of the Russian Federation and was not linked with any changes in the own business solvency of the company (Moody’s Investors Service reduced sovereign credit ratings of Russia by 1 point from Ваа1 to Ваа2 on October 17, 2014).
The rating agency’s press release notes that the factor that positively influence the ratings include the strategic importance of Atomenergoprom for the Russian economy, as well as the company’s sound integrated business model, which covers the entire cycle of production in the nuclear sector from uranium mining and fabrication of fuel through construction of NPPs and generation of electricity.
Communications Department of ROSATOM