Standard & Poor’s continued to rate the Public Power Corp.'s credit rating at CCC-, with the outlook for Greece's biggest power provider remaining "negative".
Standard & Poor’s continued to rate the Public Power Corp.'s credit rating at CCC-, with the outlook for Greece's biggest power provider remaining "negative".
S&P's review cited the liquidity crunch faced by the listed power utility, which until recently held a monopoly in Greece on power generation and transmission, as well as a worsening fo the business climate in which the company is active.