Moody’s changes Enel view

Moody's Investors Service said it changed to positive from stable the outlook on Enel SpA.

Moody's also affirmed the Baa2/provisional Baa2 senior unsecured ratings of Enel.

At the same time, Moody's changed to positive from stable the outlook on the guaranteed subsidiaries Enel Investment Holding BV and Enel Finance International NV. Moody's also affirmed their Baa2/provisional Baa2 senior unsecured ratings, the debt Enel has assumed of Enel Finance International, the Prime-2 short-term rating of Enel Finance International and the Ba1 rating of Enel's subordinated debt.

Moody's also affirmed the short-term P-2 rating of Endesa SA.

Moody's revised the outlook to positive from stable on Endesa's guaranteed subsidiaries, International Endesa BV and Endesa Capital, SA, and affirmed the Baa2 rating of International Endesa and the provisional Baa2 rating of Endesa Capital.

“The positive outlook reflects Enel's progress in delivering against its strategic priorities,” the agency said in a news release.

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