Research Update: Ratings On European Atomic Energy Community Affirmed At 'AAA/A-1+'; Off Watch Neg; Outlook Negative Jan 12
- Language: English
- Published: January 2012
- Region: Europe
The ratings on European Atomic Energy Community (EURATOM) reflect strong membership support and ultimate access via the European Union's (EU; AAA/Stable/A-1+; formerly European Community) budget to EU member states' resources, if necessary, to meet its obligations. EURATOM was established as a supranational entity in 1957 by the Treaty of Rome, which also created the EU. Its purpose is to help create the conditions necessary for the establishment and growth of peaceful nuclear industries within EU member states. It also extends financing in certain Central and Eastern European countries to improve the safety and efficiency of nuclear power stations. These countries included Romania (BB+/Stable/B) and Bulgaria (foreign currency ratings BBB/Stable/A-3) prior to their accession to the European Union in 2007, now...
Companies mentioned in this report are:
- European Atomic Energy Community
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