Credit Notice: S&P To Assess The Credit Impact On Portuguese Utilities REN And EDP Of Its Portugal Downgrade - S&P Global Ratings’ Credit Research

Credit Notice: S&P To Assess The Credit Impact On Portuguese Utilities REN And EDP Of Its Portugal Downgrade

Credit Notice: S&P To Assess The Credit Impact On Portuguese Utilities REN And EDP Of Its Portugal Downgrade - S&P Global Ratings’ Credit Research
Credit Notice: S&P To Assess The Credit Impact On Portuguese Utilities REN And EDP Of Its Portugal Downgrade
Published Mar 30, 2011
986 words — Published Mar 30, 2011
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About This Report

  
Abstract:

PARIS (Standard&Poor's) March 30, 2011-- Standard&Poor's Ratings Services lowered its long- and short-term sovereign credit ratings on the Republic of Portugal to 'BBB-/A-3' from 'BBB/A-2' and removed both ratings from CreditWatch with negative implications on March 29, 2011. The outlook is negative. Standard&Poor's believes that this could have a negative impact on the creditworthiness of Portugal-based utilities REN-Redes Energeticas Nacionais, SGPS, S.A. (BBB/WatchNeg/A-2) and EDP - Energias de Portugal, S.A. (BBB/Watch Neg/A-2). We expect to publish a more detailed analysis of any impact on the credit ratings on REN and EDP as soon as permitted to do so under applicable EU law. The delay in our communication is to meet the requirements of EU

  
Brief Excerpt:

RESEARCH Credit Notice: S&P To Assess The Credit Impact On Portuguese Utilities REN And EDP Of Its Portugal Downgrade Publication date: 30-Mar-2011 Primary Credit Analyst: Nicolas Riviere, Paris (33) 1-4420-6709; nicolas_riviere@standardandpoors.com...

  
Report Type:

News

Ticker
RENE@PL
Issuer
REN-Redes Energeticas Nacionais SGPS S.A.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers
Country
Portugal
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Credit Notice: S&P To Assess The Credit Impact On Portuguese Utilities REN And EDP Of Its Portugal Downgrade" Mar 30, 2011. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Credit-Notice-S-P-To-Assess-The-Credit-Impact-On-Portuguese-Utilities-REN-And-EDP-Of-Its-Portugal-Downgrade-857414>
  
APA:
S&P Global Ratings’ Credit Research. (). Credit Notice: S&P To Assess The Credit Impact On Portuguese Utilities REN And EDP Of Its Portugal Downgrade Mar 30, 2011. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Credit-Notice-S-P-To-Assess-The-Credit-Impact-On-Portuguese-Utilities-REN-And-EDP-Of-Its-Portugal-Downgrade-857414>
  
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