Rome, November 6th, 2012 – Moody’s rating agency has announced that it has reviewed its long-term rating for Enel S.p.A. (“Enel” or the “Company”) to “Baa2” (from the previous “Baa1”). The agency also said that it has maintained its short-term rating for Enel at “Prime-2”. The outlook is negative.

According to Moody’s, the adjustment of Enel's rating mainly reflects the macroeconomic, political and regulatory challenges that utilities are facing in Italy and Spain, partly associated with the ratings assigned to the sovereign debt of Spain (“Baa3”, with a negative outlook) and Italy (“Baa2”, with a negative outlook). The agency said that the change in Enel’s rating also reflects the narrowing of margins in the power generation sector, mainly in Italy, and changes in the electricity sector’s regulatory and fiscal framework that were announced in Spain.

On a positive note, Moody’s noted that the Company has extended the maturity of its debt and increased its liquidity, which now covers its maturing obligations through all of 2014 and even beyond. This gives Enel greater flexibility in accessing financing sources, even in today's volatile market environment.


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Microsoft Word - Rating Moodys inglese 6.11.2012

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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 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.