MADRID (Standard&Poor's) Jan. 11, 2006--Standard&Poor's Ratings Services said today that its 'A' long-term and 'A-1' short-term corporate credit ratings on Spanish utility Endesa S.A. and its 'A+' long-term and 'A-1' short-term corporate credit ratings on Spanish utilities Gas Natural SDG, S.A. and Iberdrola S.A. remain on CreditWatch with negative implications, where they were placed on Sept. 6, 2005, following Gas Natural's €22.55 billion bid for a 100% stake in Endesa. The Spanish competition authority (Tribunal de Defensa de Competencia) announced on Jan. 4, 2006, that it had rejected the bid on grounds of competition. Its decision follows the Spanish energy regulatory body's (Comision Nacional De Energia) approval of the transaction in December 2005, subject to certain
