Britain’s nuclear programme faces a new threat after the revelation that ratings agencies could downgrade French energy giant EDF and British Gas owner Centrica if they decide to build four reactors.
A credit downgrade would be highly likely to spark a confrontation with shareholders because it would make it more expensive for the companies to borrow and could undermine the share price.
US-based Moody’s says building nuclear plants is risky because of the huge costs and uncertainties (…)
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