- Language: English
- 96 Pages
- Published: February 2012
- Region: South Korea
TEPCO's Creditworthiness Hinges On Details And Timing Of Japan's Restructuring Plan Nov 11
- Published: November 2011
- Region: Japan
- Standard & Poors
Japan's government on Nov. 4, 2011, approved a request from Tokyo Electric Power Co. Inc. (TEPCO; B+/Watch Dev/B) for financial assistance and is providing the company with around -1 trillion in funds, which should improve its current liquidity and the net worth of its balance sheet. While Standard & Poor's Rating Services believes this is positive for TEPCO's financial health, the details and timing of further support that the government is currently reviewing, such as increased electricity tariffs, are critical to TEPCO's creditworthiness. TEPCO and the state-backed Nuclear Damage Compensation Facilitation Corp. (NDCFC; not rated) are currently developing a plan to restructure the stricken company amid the ongoing nuclear disaster that began at its Fukushima No. 1 nuclear power plant...
Companies mentioned in this report are: Tokyo Electric Power Co. Inc.
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Tokyo Electric Power Co. Inc.