Rome, February 4th, 2022 – Fitch Ratings (“Fitch”), announced today that it had reviewed its long-term rating of Enel S.p.A. (“Enel” or the “Company”) to “BBB+” from its previous level of “A-”. The agency maintained its short-term rating for Enel at “F-2”. The outlook remains stable.
The rating agency affirmed that the change in Enel’s rating mainly reflects the expected rise in leverage in the medium term, driven by the investment opportunities that have led Enel to progressively expand its capex plan within the energy transition.
Fitch notes that it continues to see Enel as a frontrunner in the energy transition with an effective strategy focused on the integration of its generation and supply activities coupled with high execution capacity as recently shown by the 5 GW of new renewables installation in 2021.
In light of the above, Fitch views Enel as comfortably positioned at the new rating, with headroom to accommodate the progressive rise in capex that it expects in the medium term.
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”).
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.