S&P reviews NEK

S&P said it placed its B long-term corporate credit rating on Natsionalna Elektricheska Kompania EAD (NEK) on CreditWatch with negative implications.

The CreditWatch placement reflects potential pressures on NEK's credit quality if the company's profits and cash flow generation remain weak, or if it doesn't obtain sufficient financial support from the government and from the parent Bulgarian Energy Holding (BEH) to cover external debt payments and the payment due to Atomstroyexport after NEK abandoned construction of a nuclear plant it had agreed Atomstroyexport was to build, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.