Fitch affirms Nuclearelectrica's rating at 'BBB-' outlook stable
Publicat:Fitch Ratings on Tuesday affirmed Romania's nuclear power generation company Nuclearelectrica's Long-Term Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.
The affirmation reflects Nuclearelectrica's strong market position as the sole producer of electricity from low-cost nuclear power plants in Romania, its solid position in the merit order and low net leverage at least until 2025. This underpins its Standalone Credit Profile (SCP) at 'bbb-' and the Stable Outlook on the IDR. However, a large capex plan, particularly the refurbishment of nuclear unit 1, which will not be operational…
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