The Spanish Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: November 2011
- Region: Spain
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The 'AA-' long-term rating on Red El-ctrica Corporaci-n S.A. and its subsidiary Red El-ctrica de Espa-a S.A.U. (AA-/Stable/A-1+) (together, REE) is based on REE's stand-alone credit profile (SACP), which Standard & Poor's Ratings Services assesses at 'AA-', as well as on its opinion that there is a "moderately high" likelihood that the Kingdom of Spain (AA/Negative/A-1+) would provide timely and sufficient extraordinary support to REE in the event of financial distress. REE is Spain's electricity system operator and owner of the bulk of the country's electricity transmission grid assets. We consider REE as a government-related entity (GRE). In accordance with our criteria for government-related entities (GREs), we base our view of a "moderately high" likelihood of extraordinary government support on...
Companies mentioned in this report are: Red Electrica Corporacion S.A.
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Red Electrica Corporacion S.A.