S&P rates Atomic Energy BBB-

Standard & Poor's said it assigned a BBB- long-term and A-3 short-term corporate credit ratings to Atomic Energy Power Corporation (JSC) and a ruAAA Russian national scale rating.

The outlook is stable.

"The ratings reflect our expectations of a 'very high' likelihood of timely and sufficient extraordinary support from the Russian government in an event of financial distress," S&P analyst Boris Kopeykin said in a statement.

They are also supported by ongoing capital injections from the government, S&P said.

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