| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Atomic Energy Power Corp. JSC > News item |
S&P downgrades Atomic Energy
Standard & Poor’s said it lowered the long-term issuer credit rating on Atomic Energy Power Corp. JSC to BB+ from BBB- and its short-term issuer credit rating to B from A-3.
The outlook is negative.
The agency also said it lowered the company’s Russia national scale rating to ruAA+ from ruAAA.
S&P also said it removed all of the ratings from CreditWatch negative, where they were placed in December.
The downgrade follows a similar action on the Russian Federation, S&P said.
The ratings reflect the very high likelihood that the Russian government would provide timely and sufficient extraordinary support to the company in the event of financial distress, the agency said.
The negative outlook reflects the outlook on Russia, S&P added.
© 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.