S&P affirms REN

S&P said it affirmed the BBB- long-term and A-3 short-term corporate credit ratings on REN-Redes Energeticas Nacionais, SGPS SA and REN Finance BV.

The outlook is positive.

The agency said the affirmation follows its review of Portugal's new tariffs, prices and parameters for the January 2018 through December 2020 regulatory period, and the impact of REN's recent acquisitions of a 42.5% stake in Electrogas for €169.3 million and in EDP Gas Distribuicao for €532 million.

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