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

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.

Microsoft Word - Rating Moodys 16 5 2012 inglese _2_

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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.