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Fitch Affirms Red Electrica at 'A-', Outlook Negative
Business Wire - Wed Oct 09, 12:35PM CDT
Fitch Ratings has affirmed Red Electrica Corporacion, S.A.'s (Red Electrica, holdco) Long-term Issuer Default Rating (IDR) at 'A-'. The Short-term IDR has also been affirmed at 'F2'. At the same time Fitch has assigned Red Electrica de Espana, Sociedad Anonima Unipersonal (REE, opco), fully owned by holdco, a Long-term IDR of 'A-' and Short-term IDR of 'F2'. The Outlook on the Long-term IDRs is Negative. Fitch has also affirmed the senior unsecured notes issued by Red Electrica Financiaciones, Sociedad Anonima Unipersonal and Red Electrica de Espana Finance B.V. (fincos) and guaranteed by holdco and opco at 'A-' and 'F2'.