ENEL: MOODY'S REVIEWS LONG-TERM RATING TO "BAA1" AND CONFIRMS "PRIME-2" SHORT-TERM RATING. OUTLOOK IS "STABLE"

Published on jueves, 17 mayo 2012

Rome, May 17th, 2012 – Rating agency Moody’s announced that it has reviewed the long-term rating of Enel S.p.A. (“Enel” or “the Company”) to “Baa1” from the previous “A3”. The same agency also confirmed Enel’s short-term rating of “Prime-2” and reviewed the Company’s outlook to “stable” from “negative”.
 
This change in Enel’s rating mainly reflects the weak macroeconomic conditions in the Italian and Spanish markets, and the decline in industry margins on the power generation sector. The rating also reflects amendments to the regulatory and fiscal framework that both took place in Italy and Spain and are expected to be announced in the latter Country in the forthcoming weeks.

On the positive side, Moody’s also notes that the Company has improved its debt maturity  profile and extended liquidity potentially into 2014, providing  flexibility in the current  volatile funding environment.

Price Sensitive | mayo, 17 2012

1652204-2_PDF-1.pdf

PDF (0.05MB)DOWNLOAD

Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. 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