Rating Agency Standard & Poor’s raised the credit rating of Atomenergoprom from ВВ+ up to ВВВ-
On the 28th of February 2018 the international rating agency Standard & Poor’s raised the credit rating of JSC Atomic Energy Power Corporation (short name is Atomenergoprom, part of ROSATOM) from ВВ+ up to the investment rating ВВВ-. Outlook is Stable.
This is because of the same rating action towards the credit rating of the Russian Federation.
Currently, the rating of Atomenergoprom is maximum possible sovereign level and corresponds to the credit rating of the Russian Federation (ВВВ-, Stable outlook). The rating agency thinks that the positive impact on the credit capabilities of the company is due to the vertically integrated business model and guaranteed monopoly in the nuclear sector of the Russian Federation, substantial order portfolio, and stable financial standing.
JSC Atomenergoprom is an integrated company which consolidates civil assets of the Russian nuclear sector. Atomenergoprom ensures full cycle of nuclear power from mining uranium to construction of NPPs and generation of electricity while paying great attention to quality of released products, introduction of innovative technologies and environmental management. The company incorporated many leading enterprises of the sector. It absorbed the unique experience gained in the broad range of nuclear fuel cycle technologies and NPP construction. The vast experience is the background of the leadership in the world nuclear technology market.