Tepco Says Fuel in 2 Reactors May Have Melted, Bloomberg by Michio Nakayama and Yuji Okada, May 16, 2011:
Tokyo Electric Power Co. said fuel in other reactors at its damaged nuclear plant may have melted, after confirming rods in the No. 1 unit had fallen from their assembly [...]
Moody’s Japan K.K. cut Tepco’s credit ratings and put it on review for further possible downgrade after today’s news [...]
Moody’s cut senior secured rating by one step to Baa2 from Baa1 and long-term issuer rating to Baa3 from Baa1, saying that damage at the plant appears worse than previously indicated. The agency cut its short-term rating for commercial paper to Not Prime from Prime-2. It was the third downgrade since the disaster.
Published: May 16th, 2011 at 10:28 am ET