Rome, December 10, 2010 - Standard & Poor's today affirmed its long-term credit rating of "A-" and short-term credit rating of "A-2" for Enel SpA ("Enel" or the "Company"). The outlook was confirmed as stable.
Standard & Poor's recognized the Company's ability to complete its announced disposal plan under which it expects to reach a target of 45 billion euros in consolidated net financial debt by the end of 2010, net of the impact of exchange rate differences associated with its medium and long-term debt denominated in foreign currency.
Nevertheless, given the delays in securitizing the Spanish tariff deficit due to current difficult market conditions, as well as the relevant effects for the financial receivables of the subsidiary Endesa, Standard & Poor's changed its stand-alone credit profile for the Company from "A-" to "BBB+".
Standard & Poor's noted that this change does not affect the Company's overall credit rating due to the peculiar ownership structure of Enel including a slightly above 30% State-owned shareholding.
It should be stressed that the ratings assigned to the various Enel bonds and commercial papers remain unchanged.
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