OREANDA-NEWS. November 30, 2012. The Standard & Poor’s credit rating service confirmed the long-term and short-term “ВВВ/А-2” credit ratings for the Russian state-owned vertically-integrated holding Atomic Energy Power Corporation JSC (Atomenergoprom), as well as “ruAAA” national scale rating. The rating action forecast is “stable”.

Thus, the current credit ratings of Atomenergoprom are at the highest possible, sovereign, level and correspond to the credit ratings of the Russian Federation.

The Standard & Poor’s report notes, that Atomenergoprom’s ratings reflect anticipations of a very high probability of getting a timely and sufficient urgent support by the holding from the state. Besides, the company’s business solvency is positively affected by the vertically-integrated business model and guaranteed monopoly in the civil nuclear industry in the Russian Federation. According to the rating agency’s opinion, Atomenergoprom will retain stable market positions in the fields of NPP construction, raw uranium mining, conversion, and enrichment as well as manufacturing of fuel assemblies, taking into account the favourable forecast with regard to the Russian nuclear industry and the company’s foreign operations.

Atomenergoprom’s liquidity indicators are assessed as adequate as per the rating agency’s methodology. Moreover, Standard & Poor’s notes, that Atomenergoprom has substantial strength margin in frames of existing covenants on various debt instruments.

Atomenergoprom JSC consolidates the civil assets of the Russian nuclear industry.