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

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

Research Update: Portuguese Utility REN ?BB+? Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign - S&P Global Ratings’ Credit Research
Research Update: Portuguese Utility REN ?BB+? Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign
Published Sep 20, 2013
2242 words — Published Sep 20, 2013
Price US$ 225.00  |  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. On Sept. 20, 2013, Standard&Poor's Ratings Services 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 with negative implications. We also

  
Brief Excerpt:

RESEARCH Research Update: Portuguese Utility REN aÇÿ##+aÇÖ Long-Term Rating Placed On CreditWatch Negative Following Similar Action On Sovereign Publication date: 20-Sep-2013 Primary Credit Analyst: Nicolas Riviere, Paris (33) 1-4420-6709;...

  
Report Type:

Research Update

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:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: 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/Research-Update-Portuguese-Utility-REN-BB-Long-Term-Rating-Placed-On-CreditWatch-Negative-Following-Similar-Action-On-Sovereign-1194127>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Portuguese-Utility-REN-BB-Long-Term-Rating-Placed-On-CreditWatch-Negative-Following-Similar-Action-On-Sovereign-1194127>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.