Portuguese Utility REN ?BB+? Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign - S&P Global Ratings’ Credit Research

Portuguese Utility REN ?BB+? Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign

Portuguese Utility REN ?BB+? Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign - S&P Global Ratings’ Credit Research
Portuguese Utility REN ?BB+? Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign
Published Sep 20, 2013
Published Sep 20, 2013
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We placed our long-term 'BB' sovereign credit ratings on the Republic of Portugal on CreditWatch with negative implications on Sept. 18, 2013. We are therefore placing our 'BB+' long-term corporate credit rating on Portuguese energy grid operator REN-Redes Energeticas Nacionais SGPS S.A (REN) on CreditWatch with negative implications. We are also affirming the short-term rating at 'B'. The CreditWatch placement mirrors that on the Republic of Portugal. PARIS (Standard&Poor's) Sept. 20, 2013--Standard&Poor's Ratings Services said today it placed its 'BB+' long-term corporate credit rating on Portuguese gas and electricity grid operator REN-Redes Energeticas Nacionais SGPS S.A. (REN) on CreditWatch with negative implications. We also placed our 'BB+' issue rating on REN's senior unsecured debt on CreditWatch

  
Report Type:

Ratings Action

Ticker
RENE@PL
Issuer
REN-Redes Energeticas Nacionais SGPS S.A.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers, Structured Finance
Country
Portugal
Region
Europe, Middle East, Africa
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Portuguese Utility REN ?BB+? Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign" Sep 20, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Portuguese-Utility-REN-BB-Long-Term-Rating-Placed-On-CreditWatch-Negative-Following-Similar-Action-On-Sovereign-1194126>
  
APA:
S&P Global Ratings’ Credit Research. (). Portuguese Utility REN ?BB+? Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign Sep 20, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Portuguese-Utility-REN-BB-Long-Term-Rating-Placed-On-CreditWatch-Negative-Following-Similar-Action-On-Sovereign-1194126>
  
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