Press office

Press office

05.07.2010
After last Thursday's acquisition of Endesa transmission assets

Moody's and Standard & Poor's maintain the credit rating of Red Eléctrica

The risk evaluation agencies Moody's and Standard & Poor's have maintained the credit rating levels of Red Eléctrica de España (REE), according to last Friday's announcement, in individual reports, in which they evaluated the degree of solvency of the company after the acquisition transaction.

The rating of Red Eléctrica remains at A2 in the case of Moody's and AA- in the case of Standard & Poor's. For their part, both agencies have decided to change the perspective of the company to a negative one as a result of the changes in the electricity sector announced by both of Spain's main political parties.

In its report, Moody's emphasized the excellent history of the company when it came to integrating the remaining assets it had previously acquired, as well as its strategic positioning within the Spanish electricity system and the high liquidity which it enjoys.

For its part, Standard & Poor's, who have maintained AA- levels in the long term and A-1+ in the short term, also emphasized the position held by the company in the Spanish electricity system, its high profitability and the predictability of its cash flows.