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04.04.2023
Creditreform Rating (CRA) has affirmed the unsolicited corporate issuer ratings of Red Eléctrica Corporación, S.A., Red Eléctrica de España, S.A.U. and Red Eléctrica Financiaciones, S.A.U. at A-. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Red Eléctrica Financiaciones, S.A.U. at A- as well as the unsolicited corporate issuer rating of the EUR 400 million long-term senior unsecured note 2020 / 2025, issued by Red Eléctrica Corporación, S.A. at
BBB+. The outlook for the ratings remains stable. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. For more details regarding the ratings, please refer to our rating update below.
In line with its brand name change, Red Electrica Corporación, S.A has changed to Redeia Corporacion S.A. Future ratings on this rating object will be under the new name.
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15.07.2022
Creditreform Rating (CRA) has affirmed the unsolicited corporate issuer ratings of Red Eléctrica Corporación, S.A., Red Eléctrica de España, S.A.U. and Red Eléctrica Financiaciones, S.A.U. at A-. Creditreform Rating has also affirmed the unsolicited corporate issue ratings of the long-term local currency senior unsecured notes issued by Red Eléctrica Financiaciones, S.A.U. and Red Eléctrica Corporación, S.A. at A-. This year, CRA included a further unsolicited corporate issuer rating of the EUR 400 million long-term senior unsecured note 2020 / 2025, issued by Red Eléctrica Corporación, S.A., setting the rating at BBB+ / stable. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. For more details regarding the ratings, please refer to our rating update below.
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29.03.2021
Creditreform Rating has set the initial unsolicited corporate issuer rating of Red Eléctrica de España, S.A.U. at A- with stable outlook. Red Eléctrica de España, S.A.U.´s activity is the management and operation of the Spanish high voltage transmission grid. Due to the financial and legal relationship to the Red Eléctrica Corporación-Group the unsolicited corporate issuer rating of Red Eléctrica de España, S.A.U., is constrained by the unsolicited corporate issuer rating of Red Eléctrica Corporación, S.A. and equates it, which is (A- / stable).
