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Rating agencies warn EDF of downgrade, if they continue with Hinkley nuclear station plan

EDF faces threat of credit downgrade over Hinkley Point Two of the world’s biggest ratings agencies have warned that EDF and its Chinese partners face credit-rating downgrades if they press ahead with a £16 billion nuclear power station at Hinkley Point in Somerset.

Amid growing doubts about the deal, Moody’s said the project would have a “credit negative effect” on the companies because of the dangers of big cost overruns and delays to EDF’s untested EPR French reactor technology……. (subscribers only) .http://www.thetimes.co.uk/tto/business/industries/utilities/article4574734.ece

October 7, 2015 - Posted by Christina Macpherson | business and costs, France, UK

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