Fitch ups Iberdrola, Endesa to A-

Fitch Ratings said it upgraded the senior unsecured ratings of Iberdrola SA (long-term issuer default rating BBB+/stable) and Endesa SA (BBB+/stable) to A- from BBB+.

The agency also upgraded Iberdrola’s subordinated debt to BBB from BBB-.

At the same time, Fitch placed the senior unsecured and subordinated debt ratings of Gas Natural SDG SA (BBB+/negative) on rating watch positive.

Fitch said the actions follow the upgrade of Spain's long-term foreign-currency issuer default rating to A- from BBB+.

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