Standard & Poor's. [ www.standardandpoors.com 
] maintains the rating levels achieved by Red Eléctrica in previous years. The agency again has granted the Group a long term rating of AA- with a stable outlook and A-1+ in the short term.
Standard & Poor's took into account the latest figures regarding the economic evolution of Red Eléctrica as well as its strategic plan, which contemplates investments of 4 billion euros over the next five years. The agency signalled the key position of the company in the Spanish electricity system as much as their capacity to generate stable cash flows and an adequate regulatory structure. From a financial point of view, the report highlights that Red Eléctrica counts on good access to capital markets and adequate liquidity.
Moody's [ www.moodys.com ] has granted an A2 rating to the new subsidiary, Red Eléctrica de España, S.A.U, and has likewise again confirmed the financial strength of the Red Electrica Group at the same level it had previously held (A2).