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BULLETIN: Spain-Based Utility Endesa S.A. Releases Half-Yearly Results
Standard & Poors, July 2003
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) July 30, 2003--Standard & Poor's Ratings Services said today that the ratings on Spain-based electricity utility Endesa S.A. (A/Negative/A-1) would remain unchanged following the company's release of its half-yearly figures. The outlook on the ratings will remain negative, despite satisfactory debt reduction resulting from the significant divestments made. Endesa's performance in Spain was strong, and its Latin American operations, through its subsidiary Enersis S.A. (BBB-/Stable/--), appear to have stabilized. The negative outlook reflects the company's still weak financial profile for its 'A' rating. ANALYST E-MAIL ADDRESSES karl_nietvelt@standardandpoors.com peter_kernan@standardandpoors.com InfrastructureEurope@standardandpoors.com...
Companies mentioned in this report are: Endesa S.A.,Enersis S.A.
Action: S&P Event
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