Fitch affirms ENEA

Fitch Ratings said it affirmed ENEA SA's long-term foreign- and local-currency issuer default ratings at BBB and national long-term rating at A(pol).

The outlook is stable.

The affirmation is driven by ENEA's stable operating and strong financial performance in 2011, coupled with its leading position in electricity distribution and supply and material position in power generation, Fitch said.

ENEA's financial profile continues to be strong and is underpinned by a large cash balance as of 2011, the agency said.

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