Moody’s grants Transelectrica a Ba1 rating, improving its outlook

The National Power Grid Company Transelectrica SA informed shareholders through a BSE statement that the International Rating Agency Moody’s Investors Service has reconfirmed last year’s rating of the National Power Grid Company Transelectrica SA of Ba1 and also improved the company’s perspective, from stable to positive, energynomics.ro infoms.

“Moody’s rating is a favorable objective opinion on Transelectrica’s ability to honor its financial obligations,” the BSE statement said.

“Improving the rating outlook from stable to positive shows that Transelectrica has very strong, stable and predictable financial values, a course with development trends characterized by a consistent implementation of regulatory standards, and expects this trend to continue.”

The new grade given by the rating company may mean a reduction in the cost of loans for the electricity transmission company.

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