ENEL: FITCH REVIEWS LONG-TERM RATING TO BBB+ AND CONFIRMS SHORT-TERM RATING AT F2.
Rome, August 2nd, 2012 Today, rating agency Fitch announced that it has reviewed its long-term rating of Enel S.p.A. (Enel) to BBB+ from the previous A-. Fitch also announced that it has confirmed Enels short-term rating of F2. The negative rating watch has been maintained on both ratings.
This change in Enels rating mainly reflects weakening macroeconomic conditions in the Spanish market, as well as uncertainties linked to the changing regulatory framework and delays in the securitization process of the tariff deficit.
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