PUBLISHED : 20:53 GMT, 7 April 2012 | UPDATED : 20:53 GMT, 7 April 2012
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 (…)