ENEL S.p.A.: Updated 2017-2019 strategy supportive of Baa2 rating
INFRASTRUCTURE AND PROJECT FINANCE ISSUER COMMENT 29 November 2016 RATINGS LT Issuer rating Baa2 Outlook Stable Senior Unsecured Baa2 Junior Subordinated Ba1 Source: Moody's Investors Service KEY METRICS: 2015FY 2014FY 2013FY FFO Interest Cover 4.5x 4.2x 4.0x FFO / Net Debt 20.8%
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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