S&P affirms Tepco

S&P said it affirmed the BB long-term corporate credit and B short-term corporate credit and debt ratings on Tokyo Electric Power Co. Holdings Inc. (Tepco).

The agency also affirmed the BB+ ratings on the company's senior secured debt.

The outlook is stable.

“We base the affirmations on our view that Tepco group is likely to maintain stabilized earnings performance for the next year or two thanks to weak prospects of a significant rise in crude oil prices,” S&P said in a news release.

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