Global ratings agency S&P said on Friday that it was leaving French state-controlled utility EDF’s rating unchanged following the company’s decision to go ahead with its $24 billion Hinkley Point nuclear power project in Britain. It said this was because of the British government’s announcement that it would review the project terms and economics, postponing its decision to award the contract until this autumn. “The outcome of the U.K. government’s decision remains unclear and we therefore do not include the project in our base case for EDF,” S&P said in a statement.
Reuters 29th July 2016 read more »