Edison: S&P reviews rating to BB+ from BBB- with stable outlook

Milan, October 4, 2016 – Edison informs that Standard & Poor's reviewed the company’s long-term credit ratings to BB+ from BBB- and the short-term credit to B from A-3. The outlook is stable.

 

The rating revision follows the similar action on EDF’s rating (downgraded to A- from A, stable outlook) after the approval of Hinkley Point C project.

 

S&P considers Edison as highly strategic to EDF and it expects that the company will continue to benefit from its recently renegotiated gas supply contracts. This will partly mitigate the pressure on EBITDA produced by the persistent challenging conditions on power generation and hydrocarbons markets. Thanks to the cash flows generation and a manageable investment plan, S&P expects that the company will continue to reduce its financial debt.

Edison outlook is stable, in line with that of EDF.

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Public disclosure required by Consob Resolution No. 11971 of May 14, 1999, as amended.

 

Edison's External Relations:

Press Office:

T 02 6222 7331; E ufficiostampa@edison.it

 

Investor Relations Edison:  

T 02 6222 8849; E investor.relations@edison.it