MOODY’S CONFIRMS ENEL’S LONG-TERM (“A2”) AND SHORT-TERM (“P-1”) CREDIT RATINGS AND REMOVES THE CREDITWATCH WITH NEGATIVE IMPLICATIONS

Rome, May 5th, 2011 – Moody’s confirmed late yesterday evening its “A2” long-term and “Prime-1” short-term corporate credit ratings on Enel SpA (hereinafter “Enel” or the “Company”), completing the review for a possible downgrade that was initiated on December 16th, 2010. The outlook is stable.

Moody’s opinion is based on the steady progress on the tariff deficit securitization recorded in Spain since early 2011 – and the relevant favorable effects for the financial receivables of the subsidiary Endesa – as well as solid core operating results of the Enel Group in 2010.

Moody’s believes that the stabilization of Enel’s ratings can be fostered by the Group’s ability to achieve its financial targets announced to the market on the occasion of the presentation of the 2011-2015 strategic plan, through a controlled capex programme and growth in operating and free cash flow enabling further debt reduction. 

Microsoft Word - Moody's conferma i rating di Enel con outlook stabile inglese

PDF (0.04MB) Download

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.