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Endesa

Companies, Ibex, Spanish economy 25th December 2022

S&P lowers Endesa outlook to negative from stable

Banco Sabadell | S&P has lowered its outlook for Endesa from stable to negative, in line with the action it took in the case of ENEL (holds 70% of the Spanish utility). However it has maintained the rating at BBB+. Valuation: The news has a negative slant, although the impact is limited. The planned investments, along with the increase in debt, are behind this revision.

Enel's projections

Markets 15th May 2017

Readable Enel; slimming down regime bear fruit

After the Endesa takeover in the late 2000s, followed by the financial crisis and the Fukushima accident, Enel’s process to extract value from the Spanish utility transaction has been slow and painful. A diet was needed. Now it is starting to bear fruit with debt ratios and credit rating finally improving.