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
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