S&P confirms Enel’s short-term rating at “A-2” and reviews long-term credit rating to “BBB”, outlook stable

Rome, Dicembre 5th, 2023 – S&P Global Ratings (“S&P”) announced today that it maintains the short-term rating at “A-2” of Enel S.p.A. (“Enel” or the “Company”) and had reviewed the long-term credit rating to “BBB” from the previous level of “BBB+”. The outlook is stable.

The rating agency affirmed that the change in Enel’s rating mainly reflects the level of Group net financial debt that peaked in 2022.

The stable outlook reflects the expectation that Enel will successfully execute the remaining disposal program, and partly mitigate the loss of earnings from the disposed assets through cost cutting and healthy earnings growth from its more selective investments.

In light of the above, S&P views Enel as comfortably positioned at the new rating level, with rating headroom coming from an expected improvement of credit metrics.

SP rating 2023 ENG

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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.