Enel

Capital/Financing Update • Dec 5, 2023

Informazione Regolamentata n. 0116-112-2023		Data/Ora Inizio Diffusione 05 Dicembre 2023 21:02:40	Euronext Milan
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	184174
Nome utilizzatore	:	ENELN07 - Giannetti
Tipologia	:	2.2
Data/Ora Ricezione	:	05 Dicembre 2023 21:02:39
Data/Ora Inizio Diffusione	:	05 Dicembre 2023 21:02:40
Oggetto	:	S&P confirms Enel's short-term rating at "A-2" and reviews long-term credit rating to "BBB", outlook stable
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S&P CONFIRMS ENEL'S SHORT-TERM RATING AT "A-2" AND REVIEWS LONG-TERM CREDIT RATING TO "BBB", OUTLOOK STABLE

Rome, Dicembre 5th, 2023 – S&P Global Ratings ("S&P") announced today that it maintains the shortterm rating at "A-2" of Enel S.p.A. ("Enel" or the "Company") and had reviewed the long-term credit rating to "BBB" from the previous level of "BBB+". The outlook is stable.

The rating agency affirmed that the change in Enel's rating mainly reflects the level of Group net financial debt that peaked in 2022.

The stable outlook reflects the expectation that Enel will successfully execute the remaining disposal program, and partly mitigate the loss of earnings from the disposed assets through cost cutting and healthy earnings growth from its more selective investments.

In light of the above, S&P views Enel as comfortably positioned at the new rating level, with rating headroom coming from an expected improvement of credit metrics.

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