Fitch boosts Atomenergoprom

Fitch Ratings said it raised its rating for PJSC Atomenergoprom to BBB from BBB- on the upgrade of the Russian government’s rating to BBB.

The Russian government is the company’s sole shareholder.

“The government provided the company with RUB 438 billion over 2010-2018 and another injection is expected by Fitch over 2019, including funding for the construction of the Hanhikivi nuclear power plant (NPP) in Finland,” said Fitch in a news release.

The outlook is stable.

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