Fitch rates Transelectrica BBB

Fitch Ratings said it assigned a long-term issuer default rating of BBB to Transelectrica SA.

The outlook is stable.

The ratings reflect Transelectrica's solid business profile as an owner and operator of the electricity transmission network in Romania, Fitch said.

The ratings are supported by the country's regulated asset base regulation for electricity transmission with the third regulatory framework running until mid-2019, the agency said.

Transelectrica's financial profile is currently strong as the company had a net cash position at end-2016, Fitch said.

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