Moody's affirms Tokyo Electric

Moody's Japan K.K. said it affirmed the ratings of Tokyo Electric Power Co., Inc.

Ratings affirmed include its senior secured rating of Ba2, long-term issuer rating of B1 and corporate family rating of Ba3.

The outlook remains negative.

Moody's said the affirmation reflects its view that the Japanese government's strong commitment to Tokyo Electric's management, as indicated by the government's approval of the company's Comprehensive Special Business Plan on May 9, will support the company's current credit profile.

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