Red Electrica de España : The rating agency Fitch Ratings has issued a new report downgrading the company’s rating level to ‘A-‘, with stable outlook, from ‘A’, being removed the Rating Watch Negative.
April 08, 2019 at 08:48 am EDT
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COMISIÓN NACIONAL DEL MERCADO DE VALORES Área de Mercados Edison, 4
28006 MADRID
Madrid, 8th April 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 8th April 2019, the rating agency Fitch Ratings has issued a new report downgrading the company's rating level to 'A-', with stable outlook, from 'A', being removed the Rating Watch Negative.
Red Eléctrica Corporación, S.A. and its subsidiary Red Eléctrica de España, S.A.U. maintain their long term ratings of 'A-' and shortterm ratings of 'F2' with a stable outlook.
Yours faithfully,
Signed: Teresa Quirós
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Red Eléctrica Corporación SA published this content on 08 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 April 2019 12:47:02 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 : The rating agency Fitch Ratings has issued a new report downgrading the company’s rating level to ‘A-‘, with stable outlook, from ‘A’, being removed the Rating Watch Negative.
REDEIA CORPORACION S.A. 
