Romanian state-owned electricity transmission system operator Transelectrica said ina press release that the international credit agency Moody’s has reconfirmed its last year’s rating of Ba1 and improved the company’s outlook from stable to positive.
The release from the company said that Moody’s rating is a favorable objective opinion on Transelectrica’s ability to honor its financial obligations. Improving the rating outlook from stable to positive shows that Transelectrica has very strong, stable and predictable financial values, a course with development trends characterized by a consistent implementation of regulatory standards, and expects this trend to continue. The new grade given by the rating company may also mean a reduction in the cost of loans for the electricity transmission company.
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Tags: electricity, financial, Moody's, Romania, Transelectrica