Acasă » Electricity » Transport » Moody’s reconfirms the rating of Transelectrica at Ba1 with a positive outlook

Moody’s reconfirms the rating of Transelectrica at Ba1 with a positive outlook

26 September 2019
Electricity
energynomics

The international financial evaluation agency Moody’s Investors Service reconfirmed the rating given last year to the National Electricity Transport Company Transelectrica SA, respectively Ba1, the outlook being positive, shows in a statement of the company submitted to the Bucharest Stock Exchange.

“Maintaining the credit rating at Ba1 level is justified by: the low business risk profile given the strategic importance and the natural monopoly of Transelectrica, as owner and fully regulated operator of the electricity transmission network; solid financial profile, with a low level indebtedness; continuous improvement of the regulatory framework; government support in case of financial difficulties”, specifies the source quoted by Agerpres.

The national electricity carrier, Transelectrica, achieved a net profit of 30 million lei in the first six months of the year, down by 69% compared to the same period last year. EBIT operating profit (profit before interest and tax) was higher by 18 million lei (+ 23%) compared to the same period of the previous year.

Leave a Reply

Your email address will not be published. Required fields are marked *