Tokyo (AFP) June 20, 2011 - Ratings agency Moody's on Monday downgraded TEPCO, the operator of Japan's stricken Fukushima nuclear plant, to below investment grade, warning the rating was on review for further possible action. Moody's cited a worse-than-thought situation at the Fukushima Daiichi plant and the uncertainty surrounding the level of state support for TEPCO as it faces massive compensation costs. The Ja ... more
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