The rating agency Standard & Poor’s raised rating of standalone credit assessment of Atomenergoprom liken it to the final rating of the company
OREANDA-NEWS. October 03, 2016. The international rating agency Standard & Poor’s has confirmed September 22, 2016 the long-term international rating at BB+ for JSC Atomic Energy Power Corporation (AEP, part of ROSATOM), which consolidates civil assets of Russian nuclear industry. With that, the standalone credit assessment of Atomenergoprom was raised from bb up to bb+. At the same time, the outlook has been changed from negative to stable; this was due to similar rating action in regard of sovereign credit ratings. Thus, the company’s standalone credit assessment fully complies with the final rating given by the rating agency.
Atomenergoprom’s rating now is at the maximum possible, sovereign level and corresponds to the credit rating of the Russian Federation (BB+, stable outlook). Factors, which are positive for ratings, the rating agency believes, are the vertically integrated business model and guaranteed monopoly in the nuclear industry of the Russian Federation, sizable portfolio of orders, and stable financial standing.
JSC Atomenergoprom is an integrated company, which consolidates civil nuclear assets of the Russian Federation. Atomenergoaprom provides for full process cycle in nuclear power from uranium mining to construction of NPPs and generation of electricity, while paying priority attention to raising quality of products, implementing innovative technologies and environmental management. The company has united many of leading sectoral enterprises. It has accumulated the unique experience of the entire range of nuclear fuel cycle technologies and NPP construction.This vast experience is the basis for leadership in the global nuclear technology market.