S&P cuts Enagás rating to BBB with stable outlook
Renta 4 | Ratings agency Standard & Poors has revised downwards its rating on Enagás to BBB from BBB+, changing its outlook to stable from negative. This is a move which contrasts with the last rating in December from Fitch of BBB+ and a stable outlook. Furthermore, the motives for this downgrade have not transcended. Valuation: Negative news. Although we believe the impact is limited, it’s possible that given the…