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BULLETIN: C.N. Transelectrica S.A. Unaffected by Romania Upgrade Feb 03

  • ID: 2052031
  • February 2003
  • Region: Romania
  • Standard & Poors
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  • C.N. Transelectrica S.A.
  • Romania
  • MORE

Standard & Poor's Ratings Services said today that its ratings and outlook on Romanian electricity transmission grid company C.N. Transelectrica S.A. (local currency BB-/Positive/--; foreign currency B+/Positive/--) remain unaffected by today's upgrade of the Republic of Romania (local currency BB/Positive/B; foreign currency BB-/Positive/B). There are no explicit government guarantees for Transelectrica's debt, but, because of the company's strategic importance, the government is expected to provide implicit support through a favorable attitude toward the company. The upgrade of the sovereign reflects continued successful stabilization of the economy. Standard & Poor's will, during its normal review cycle, monitor how the improvements in Romania's economic and political environment affect Transelectrica's credit profile. ANALYST E-MAIL ADDRESSES

Companies mentioned in this report are:
- C.N. Transelectrica S.A.
- Romania

Action: S&P Event

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- C.N. Transelectrica S.A.
- Romania

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