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Bulletin: Demise of Swedish Voluntary Nuclear Phase-Out Has No Immediate Ratings Effect Oct 04
Standard & Poors, Oct 2004
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 Barseb-ck, 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 Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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