Rome, December 16th, 2010 Today Moody's placed its long-term credit rating of A2 and short-term credit rating of Prime-1 for Enel S.p.A. (Enel or the Company) on review for possible downgrade.
Moodys acknowledged the Companys ability (compared with the last rating action, that was implemented in April 2009) to reduce its consolidated net financial debt and to improve its credit metrics, thanks to the capital increase of around 8 billion euros carried out in 2009 and to the disposal program implemented in 2009 and 2010.
Nevertheless, given the delays in securitizing the Spanish tariff deficit due to current difficult market conditions, as well as the relevant effects for the financial receivables of the subsidiary Endesa, Moodys placed Enels long-term and short-term credit ratings on review.
Moodys also placed the long-term credit rating of Enels subsidiary Endesa S.A. (currently A3) on review for possible downgrade, while affirming its short-term credit rating (Prime-2).
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.