Red Electrica de España : On 6th June 2019, the rating agency Fitch Ratings has upgraded Red Eléctrica Corporación, S.A. short term rating from ‘F2’ to ‘F1’, following the application of the Agency´s updated short term rating criteria.
June 06, 2019 at 12:58 pm EDT
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COMISIÓN NACIONAL DEL MERCADO DE VALORES Área de Mercados Edison, 4
28006 MADRID
Madrid, 6th June 2019
Dear Sir,
Pursuant to section 227 of the Consolidated Text of the Spanish Securities Market Act (Ley del Mercado de Valores) and based on the wording approved in Royal Decree Law 19/2018 of 23 November, I enclose the following relevant information concerning Red Eléctrica Corporación, S.A:
On 6th June 2019, the rating agency Fitch Ratings has upgraded Red Eléctrica Corporación, S.A. short term rating from 'F2' to 'F1', following the application of the Agency´s updated short term rating criteria.
Red Eléctrica Corporación, S.A. and its subsidiary Red Eléctrica de España, S.A.U. maintain their long term rating of 'A-' and obtain a short term rating of 'F1' with a stable outlook.
Yours faithfully,
Signed: Teresa Quirós
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Red Eléctrica Corporación SA published this content on 06 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 June 2019 16:57:03 UTC
Redeia Corporacion S.A. (formerly Red Eléctrica Corporación, S.A.) specializes in electricity transmission services and operation of electric networks. Net sales (including intragroup) by activity break down as follows:
- management and operation of electrical networks (82.7%): owning, at the end of 2022, of a network of 45,019 km of high-voltage lines and over 600 substations. The group also offers consulting, engineering, construction and maintenance services. Spain accounts for 95.8% of net sales;
- management and operation of satellite telecommunications networks (11.2%);
- management and operation of fiber optic telecoms networks (4.8%);
- other (1.3%).
Net sales are distributed geographically as follows: Spain (88.9%), Europe (1.6%) and other (9.5%).
Red Electrica de España : On 6th June 2019, the rating agency Fitch Ratings has upgraded Red Eléctrica Corporación, S.A. short term rating from ‘F2’ to ‘F1’, following the application of the Agency´s updated short term rating criteria.
REDEIA CORPORACION S.A. 
