REN Redes Energeticas Nacionais : S&P raises REN’s rating to BBB/A-2, with a stable outlook
October 16, 2018 at 02:28 pm EDT
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Unofficial Translation
This is an unofficial translation of the proposal indicated below and it has been prepared for information purposes only. In the event of any discrepancy between this translation and the Portuguese version, the Portuguese version will prevail.
COMMUNICATION
S&P RAISES REN'S RATING TO BBB/A-2
WITH A STABLE OUTLOOK
Under the terms and for the purposes of article 248 of the Portuguese Securities Code and of article 3, paragraph d) of CMVM's Regulation no. 5/2008, REN - Redes Energéticas Nacionais, SGPS, S.A. ("REN" or "Company") hereby discloses to the market the following information:
Today Standard & Poor's Ratings Services (S&P) has raised the long- and short-term corporate credit rating of REN and its finance subsidiary REN Finance B.V, to BBB/A-2 from BBB-/A-3, with a stable outlook.
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A.
Lisbon, 16 October 2018
REN - REDES ENERGÉTICAS NACIONAIS, S.G.P.S., S.A.
Listed Company (Sociedade Aberta)
Head Office: Avenida Estados Unidos da América, nº 55, 1749-061 Lisbon
Share Capital: € 667,191,262
Commercial Registry Office of Lisbon: registry and tax sole number: 503 264 032
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REN - Redes Energéticas Nacionais SGPS SA published this content on 16 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 October 2018 18:27:05 UTC
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
