Rome, February 11th, 2019 – Fitch Ratings (“Fitch”), announced today that it has upgraded its long-term rating of Enel S.p.A. (“Enel” or the “Company”) to “A-” from its previous level of “BBB+”. The agency maintained its short-term rating for Enel at “F-2”. The outlook remains stable.
The rating agency recognised Enel’s strong track record of delivery on the Group’s challenging operational and financial objectives in the period between 2015 and 2018, its global leadership in networks and renewables, a large share of regulated and quasi-regulated activities and Enel's positioning at the forefront of innovation as well as sustainability in the utilities sector.
Among the main key rating drivers for the upgrade, Fitch focused on the following elements of Enel’s 2019-2021 Strategic Plan:
· further acceleration on renewables;
· focus on efficiency, sustainability and innovation;
· the EBITDA growth expected from the Enel Group’s operations in South America;
· the de-risking of the business profile to limit exposure to risks of market volatility;
· good regulatory visibility;
· stable financial leverage over the Plan period.
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.