Fitch affirms Red Electrica

Fitch Ratings said it affirmed Red Electrica Corporacion SA's long-term issuer default rating at A with a stable outlook.

“The ratings affirmation reflects Red Electrica's low business risk as the natural monopoly electricity transmission owner and operator in Spain,” the agency said in a news release.

“Regulated revenue predictability in Spain is complemented by small-scale long-term fibre optics activities in Spain – with CPI-linked revenue streams – and long-term concessions for electricity transmission projects in Peru and Chile.”

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