S&P affirms Transelectrica rating with negative outlook

Financial rating company Standard&Poor’s revised downwards the rating outlook of state-owned Transelectrica from ‘positive’ to ‘negative’, due to country rating cut for Romania, and reiterated ‘BB+’ rating for long-term credits in lei and foreign currencies. Romania’s power grid operator Transelectrica is 74% held by the Ministry of Economy and Commerce. “The move comes as a result of recent Romania’s country rating cut and reflects Transelectrica’s vulnerability at a ...

Developed by Codecraftsman