Rome, September 21st, 2011 Standard & Poor's today affirmed its long-term credit rating of "A-" and short-term credit rating of "A-2" for Enel S.p.A. ("Enel" or the "Company"). The outlook was confirmed as negative.
Besides, Standard & Poor's changed its stand-alone credit profile for the Company from "bbb+" to "a-", anticipating that Enels and Groups financial risk profile will continue to improve in 2011 and over the medium term, despite the current challenging operating environment.
The revision of Enels stand-alone credit profile mainly reflects a combination of the solid operating performance of the Enel Group, supported by a large share of stable earnings from regulated activities, continuous management focus on operating efficiency and cost reduction, as well as the management commitment to preserve cash and reduce debt.
Standard & Poor's states furthermore that Enels rating no longer benefits from a onenotch uplift following its assessment of a moderate likelihood of extraordinary support from the Republic of Italy, which owns about 31% of the Companys share capital, should it be needed.
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