|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Iberdrola, Endesa, And Enel Ratings Not Immediately Affected By Second Tranche Of Spanish Tariff Deficit Securitization Feb 11
Standard & Poors, Feb 2011
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 and Poor's) Feb. 17, 2011--Standard & Poor's Ratings Services said today that the ratings and outlooks on Spain-based utility companies Iberdrola S.A. (A-/Negative/A-2) and Endesa S.A. (A-/Watch Neg/A-2), and Italy-based utility company Enel SpA (A-/Stable/A-2; which owns 92.06% of Endesa) are not immediately affected by the Spanish treasury's securitization of an additional -2 billion tranche of tariff deficit on Feb. 15, 2011. This follows the inaugural securitization of a -2 billion tranche of tariff deficit in January 2011. On Dec. 10, 2010, we took various rating actions on Iberdrola, Endesa, and Enel because, in our view, the Spanish tariff deficit-related receivables had slowed recovery in these companies' credit profiles. In addition, last year, delays in the securitization of...
Companies mentioned in this report are: Iberdrola S.A.,Endesa S.A.,Enel SpA
Action: Bulletin
|
|
|
|
