Rome, September 21st, 2011 Standard & Poor's today affirmed its long-term credit rating of "A-" and short-term credit rating of "A-2" for Enel S.p.A. ("Enel" or the "Company"). The outlook was confirmed as negative.
Besides, Standard & Poor's changed its stand-alone credit profile for the Company from "bbb+" to "a-", anticipating that Enels and Groups financial risk profile will continue to improve in 2011 and over the medium term, despite the current challenging operating environment.
The revision of Enels stand-alone credit profile mainly reflects a combination of the solid operating performance of the Enel Group, supported by a large share of stable earnings from regulated activities, continuous management focus on operating efficiency and cost reduction, as well as the management commitment to preserve cash and reduce debt.
Standard & Poor's states furthermore that Enels rating no longer benefits from a onenotch uplift following its assessment of a moderate likelihood of extraordinary support from the Republic of Italy, which owns about 31% of the Companys share capital, should it be needed.
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 Teleborsa S.r.l. - with registered office in Rome, at 4 Piazza Priscilla - as per CONSOB authorization and resolutions n. 22517 and 22518 of November 23, 2022.
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.