Romania: Transelectrica’s Ba1 positive outlook rating

, SEE Energy News

For the third consecutive year, Romanian electricity transmission system operator Transelectrica obtained the Ba1Corporate Family Rating (CFR) with a positive outlook, from the ratings agency Moody’s.

Thus, for 2020, Moody’s maintains Tranelectrica’s rating, with an improvement of the rating at individual level from Ba2 to Ba1. The Ba1 rating with a positive outlook reflects a low business risk profile of Transelectrica, given the strategic importance of the natural monopoly company, in the context of a continuous improvement of the regulatory framework.

The company’s rating at the individual level (Baseline Credit Assessments) has improved, rising from Ba2 to Ba1. The individual rating represents the inner-ability of a company to meet financial obligations without government support.

Nuclearelectrica’s CEO Catalin Nitu said that the reconfirmation of the rating with a positive outlook is a validation of the company’s credibility in relation to investors. Nuclearelectrica wants to maintain and strengthen this credibility through seriousness and professionalism and consistency in implementing investment plans.