The outlook on Enel's issuer default ratings remains stable, Fitch said. 'Fitch does not see any significant impact on Enel's credit profile as the additional debt incurred in association with the acquisition of these Endesa shares can be accommodated within Enel's current ratings,' said Thomas Baumeister, a senior director for European Energy & Utilities at Fitch.
The ratings agency said that it will closely monitor Enel's credit profile and evaluate any further financial impact on the back of a potential increase in its Endesa stake that could be triggered by the Spanish Energy Commission's approval of Enel's increase to 24.99 pct of Endesa's share capital.
Separately, Standard & Poor's Ratings Services said its ratings and outlook on Enel remained unchanged.
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