The rating agency Fitch Ratings affirmed Atomenergoprom credit rating at sovereign BBB

Forum Contacts RSS		RUSSIAN

Communication Department of ROSATOM, PUBLISHED 20.07.2014

On July 17, 2014 the international rating agency Fitch Ratings affirmed the long-term rating BBB as per the international scale of the Russian state-owned holding Joint Stock Company Atomic Energy Power Corporation (Atomenergoprom, part of ROSATOM), which consolidates civil assets of the Russian nuclear industry.

The given rating is at the maximum possible sovereign level and corresponds to the credit rating of the Russian Federation (BBB with negative outlook) that is because of a massive support rendered by the government to Atomenergoprom and its organizations as well as because of the close strategic and operative ties with ROSATOM as the sole shareholder of Atomenergoprom, and with the state because of Atomenergoprom strategic significance for the Russian economy.

Besides, the factors, Fitch Ratings believes, that positively affect the ratings are the integrated business model of the corporation, which encompasses the entire nuclear production cycle; a sizable order portfolio; long-term contracts for delivery of uranium, fuel, conversion and enrichment services. In its press release the agency also notes that power delivery contracts have been signed in relation to new reactors Atomenergoprom is planning to build in Russia, which will ensure the company’s projected profitability.

Atomenergoprom was also granted the long-term credit rating as per the international scale at BBB- sovereign by Standard & Poor’s and the long-term rating at Baa2 by Moody’s Investors Service.

Topics: Rosatom

Other news:

Russia May Sign Agreement to Build 8 Reactors in Iran

A source close to the negotiations told journalists Thursday.

Hungary Enacts Law to Expand Nuclear Power With Russian Aid

Hungary’s president has signed a bill into law to expand a nuclear power plant in the country with Russian assistance.

Hungary Lawmakers OK Russia Nuclear Plant Deal

Russia will provide Hungary a loan of up to 10 billion euros ($13.5 billion) - around 80 percent of construction costs.

Hero of the day

The ISTC Responsible Science Program and Subprogram Culture of Nuclear Nonproliferation

The dual-use nature of nuclear technology consisting in the potential for its application equally in peaceful and military sphere is the basic contradiction for the existing nuclear nonproliferation regime and comprehensive development of the nuclear power and nuclear fuel cycle.

INTERVIEW

Jerry Hopwood
We are currently working with the Nuclear Decommissioning Authority (NDA) on this approach, which was submitted in response to their February 2012 call for alternative proposals. We appreciate that the UK is in the early stages of their policy development activities and are pleased to be involved in such important work.

OPINION

Joint Plan of Action
The goal for these negotiations is to reach a mutually-agreed long-term comprehensive solution that would ensure Iran's nuclear programme will be exclusively peaceful. Iran reaffirms that under no circumstances will Iran ever seek or develop any nuclear weapons.