Moody’s affirms Urenco

Moody's Investors Service said it affirmed the Baa1 issuer rating and the baa2 baseline credit assessment of Urenco Ltd.

Concurrently, Moody's affirmed the company’s Baa1 ratings on its senior unsecured notes.

The outlook is stable.

The agency said the affirmation reflects Moody's expectation of resilient operational and financial performance over the period 2019 to 2021, owing to the company's leading position in the concentrated global market of uranium enrichment services and benefits arising from the industry's high entry barriers and increasingly regulated nature.

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