Rome, July 11 2013 Rating agency Standard & Poors announced today that it has revised its long-term rating for Enel S.p.A. (Enel or the Company) to BBB (from BBB+). The agency has also affirmed its short-term rating of A-2 for Enel. The outlook is stable.
The downgrade follows the similar action recently adopted by Standard & Poor's on the Italian sovereign debt rating which reflects, among the others, the weaker economic and industry conditions in the country.
The stable outlook reflects the agencys expectations that Enel will achieve and sustain economic and financial targets commensurate to the current rating level, as a result of its continued deleveraging efforts while maintaining a high contribution of operating income from lower risk regulated activities and good geographic and operational diversification outside Europe.
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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