Tokyo Electric Power faces possible downgrades
International rating agencies placed Asia’s largest utility firm on review for possible downgrade following the mounting crisis surrounding its Fukushima nuclear power plants, arguing that the impact will be material and prolonged.
Tokyo Electric Power Co. (Tepco), Asia’s largest utility firm, looks increasingly likely to face ratings downgrades as a result of the extensive damage done to its major nuclear power plant facility in North-east Japan.
The massive earthquake and subsequent tsunami that hit the north-eastern part of the country
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