International rating agency Fitch confirmed the BBB- Long-Term Issuer Default Rating (IDR), with a stable outlook, granted to Nuclearelectrica (BVB: SNN), the state company that manages the Cernavoda nuclear power plant.<\/p>\n
“The BBB- rating, with a stable outlook, reflects, according to the report published by the Fitch Rating Agency, the strong market position as the only producer of nuclear energy, covering approximately 20% of Romania’s consumption needs and a strong operational history; the solid level of profitability, with the similar perspective for the period 2024-2028; major investment plans; involvement in medium-term investment projects with reference to the Project of Units 3 and 4 and the SMR Project; the solid relationship with the Romanian state, implicitly the shareholder ties,” reads a note sent to investors by the company.<\/p>\n
The IDR affirmation reflects a downward revision of the company’s Standalone Credit Profile (SCP) to ‘bb+’ from ‘bbb-‘ and the simultaneous introduction of a one-notch uplift over the SCP to reflect the rating agency’s strong expectations of support by the Romanian state (BBB-\/Stable).\u00a0<\/p>\n
Previously, both the SCP and IDR were at the same level.<\/p>\n
The revision of the SCP is due to a substantial increase in Nuclearelectrica’s capex plan, particularly for the refurbishment of nuclear unit 1, and the expected increase of business risk during the unit 1 refurbishment planned from June 2027 to March 2030, Fitch explains.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Nuclearelectrica.ro)<\/em><\/p>","protected":false},"excerpt":{"rendered":" International rating agency Fitch confirmed the BBB- Long-Term Issuer Default Rating (IDR), with a stable outlook, granted to Nuclearelectrica (BVB: SNN), the state company that manages the Cernavoda nuclear power plant. “The BBB- rating, with a stable outlook, reflects, according to the report published by the Fitch Rating Agency, the strong market position as the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2402","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2402"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2402\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}