Fitch raises REN’s long-term rating

Fitch Ratings has upgraded the long-term ratings of REN – Redes Energéticas Nacionais. Fitch has raised REN’s Issuer Default Rating from BBB to BBB+, whilst its Senior Unsecured Debt rating has been upgraded from BBB+ to A-.

REN’s long-term debt is also rated BAA1, with a stable outlook, by Moody’s, and BBB+ by S&P.