Moody's may lift Transelectrica

Moody's Investors Service said it placed the Ba1 corporate family rating of Transelectrica SA on review for possible upgrade following an earlier decision by Moody's to place the Romanian government's ratings of Ba1 on review for possible upgrade.

Moody's assessments of Transelectrica's baseline credit risk, default dependence and government support remain unchanged at this stage. The rating action therefore solely reflects the impact of the sovereign ratings action, as applied through Moody's GRI rating methodology.

An upgrade of the Romanian government ratings would lead to an upgrade of the rating of Transelectrica, Moody's added.

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