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Article: Slovenske Elektrarne's BBB- Rating Affirmed by S&P; Outlook Negative
- Article from:
- PR Newswire
- Article date:
- July 6, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, July 6 /PRNewswire/ -- Standard & Poor's today affirmed its triple-'B'-minus foreign currency corporate credit rating of Slovenske Elektrarne A.S. (SE).
The rating reflects SE's key role in executing the Slovak government's national energy policy, geared toward attaining a reliable, environmentally acceptable, cost effective domestic generation base. SE supplies about 90% of Slovakia's electricity consumption and operates the country's high voltage grid. Evidence of government support is reflected in SE's status as a sheltered monopoly and "Key Strategic Enterprise" (implying the government's 100% stake may not be privatized without legislative approval), ...