Rome, May 17th, 2012 Rating agency Moodys 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 Enels short-term rating of Prime-2 and reviewed the Companys outlook to stable from negative.
This change in Enels 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, Moodys 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.
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