Rating company Fitch has assigned Romanian electricity transmission system operator Transelectrica a first-time long-term issuer default rating of BBB with a stable outlook.
The statement from Fitch Ratings said that the rating reflects Transelectrica’s solid business profile as an owner and operator of the electricity transmission network in Romania. The rating is supported by the country’s regulated asset base regulation for electricity transmission, with the third regulatory framework running until mid-2019. The 7.7 % pre-tax real allowed weighted-average cost of capital encourages investment in the network, with more than one billion euros of investment planned by 2025.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: electricity, electricity transmission, financial, Fitch, rating, Romania, Transelectrica