Portuguese Power Grid Operator REN Downgraded To 'BBB-/A-3' After Portugal Downgrade; Outlook Negative - S&P Global Ratings’ Credit Research

Portuguese Power Grid Operator REN Downgraded To 'BBB-/A-3' After Portugal Downgrade; Outlook Negative

Portuguese Power Grid Operator REN Downgraded To 'BBB-/A-3' After Portugal Downgrade; Outlook Negative - S&P Global Ratings’ Credit Research
Portuguese Power Grid Operator REN Downgraded To 'BBB-/A-3' After Portugal Downgrade; Outlook Negative
Published Apr 01, 2011
1443 words — Published Apr 01, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We lowered our ratings on the Republic of Portugal to BBB-/Negative/A-3 on March 29, 2011. We are lowering our long- and short-term ratings on Portuguese electricity and gas transmission system operator REN-Redes Energeticas Nacionais (REN) to 'BBB-/A-3'. The negative outlook reflects that on the sovereign. We could lower our ratings on REN again if we downgrade Portugal further or if REN's stand-alone credit profile deteriorates. PARIS (Standard&Poor's) April 1, 2011--Standard&Poor's Ratings Services lowered to 'BBB-/A-3' from 'BBB/A-2' its long-term and short-term corporate credit ratings on REN-Redes Energeticas Nacionais, SGPS, S.A. (REN), the monopoly owner and operator of Portugal's electricity and gas transmission networks. At the same time, we removed the ratings from CreditWatch, where we had

  
Brief Excerpt:

RESEARCH Portuguese Power Grid Operator REN Downgraded To '###-/A-3' After Portugal Downgrade; Outlook Negative Publication date: 01-Apr-2011 Primary Credit Analyst: Nicolas Riviere, Paris (33) 1-4420-6709; nicolas_riviere@standardandpoors.com...

  
Report Type:

Ratings Action

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. "Portuguese Power Grid Operator REN Downgraded To 'BBB-/A-3' After Portugal Downgrade; Outlook Negative" Apr 01, 2011. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Portuguese-Power-Grid-Operator-REN-Downgraded-To-BBB-A-3-After-Portugal-Downgrade-Outlook-Negative-858361>
  
APA:
S&P Global Ratings’ Credit Research. (). Portuguese Power Grid Operator REN Downgraded To 'BBB-/A-3' After Portugal Downgrade; Outlook Negative Apr 01, 2011. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Portuguese-Power-Grid-Operator-REN-Downgraded-To-BBB-A-3-After-Portugal-Downgrade-Outlook-Negative-858361>
  
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