Fitch lifts British Energy from junk

Fitch Ratings said it upgraded British Energy Group plc and British Energy Bond Finance plc's long-term issuer default ratings to A- from BB+.

The action follows the completion of Electricite de France SA's (A+/stable/F1) acquisition of the company. Ratings remain on Rating Watch positive.

Fitch said the upgrade underscores strong strategic and operational ties between the companies and EDF's control and proposed central financing.

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