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Bulletin: Demise of Swedish Voluntary Nuclear Phase-Out Has No Immediate Ratings Effect Oct 04 Product Image

Bulletin: Demise of Swedish Voluntary Nuclear Phase-Out Has No Immediate Ratings Effect Oct 04

  • Published: October 2004
  • Region: Sweden
  • Standard & Poors

FEATURED COMPANIES

  • E.ON Sverige AB
  • Fortum Oyj
  • Vattenfall AB
  • MORE

Abstract
STOCKHOLM (Standard & Poor's) Oct. 5, 2004--Standard & Poor's Ratings Services said today that the failure to reach a voluntary agreement between the Swedish government and the Swedish power industry on the phase-out of nuclear generation facilities in Sweden has no immediate ratings implications for nuclear power operators Fortum Oyj (BBB+/Stable/A-2), Sydkraft AB (A/Stable/A-1), and Vattenfall AB (A-/Stable/A-2). An agreement would have reduced the political and investment risk of nuclear operations, but a successful completion of the negotiations was never factored into the ratings. The resulting politically imposed closure of the remaining 600 megawatt reactor at Barsebäck, likely to occur in 2005, is expected to be neutral for the companies directly affected. Sydkraft will be compensated by similar capacity at...

Companies mentioned in this report are:
- Vattenfall AB
- E.ON Sverige AB
- Fortum Oyj

Action: Bulletin

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

- Vattenfall AB
- E.ON Sverige AB
- Fortum Oyj

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