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'A+/A-1' Ratings on Spain's Largest Electricity Company Endesa S.A. Affirmed; Outlook Stable May 01
Standard & Poors, May 2001
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
LONDON (Standard & Poor's CreditWire) May 10, 2001--Standard & Poor's today affirmed its single-'A'-plus long-term and 'A-1' short-term corporate credit ratings on Endesa S.A., the Spain-based electricity company. The outlook remains stable. At the same time, it affirmed its single-'A'-plus senior unsecured and 'A-1' short-term debt ratings on its guaranteed subsidiary, International Endesa B.V. The ratings reflect the company's strong position as the largest vertically integrated electricity company in Spain (one of the fastest growing electricity markets in Europe) and as the majority owner of Enersis S.A. (local currency A/Watch Neg/--, foreign currency A-/Stable/--), the largest Chilean electricity group, with operations across Latin America. These strengths are offset by the harsher operating environment in Spain, Endesa's aggressive expansion strategy in...
Companies mentioned in this report are: Endesa S.A.,Iberdrola S.A.,Enersis S.A.,International Endesa B.V.
Action: Affirmed
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