The ratings agency Standard & Poor's has downgraded the long-term and short-term ratings of Red Eléctrica Corporación, S.A. and Red Eléctrica de España, S.A.U from AA- and A-1+ to A+ and A-1, reiterating a negative outlook.

This revised rating is as a result of the recent downgrading of Spanish sovereign debt from AA- to A, with a negative outlook. Red Eléctrica's rating thus remains higher than that of Spanish sovereign debt.

Standard & Poor's rates the company's risk profile as "excellent" and its liquidity levels as "adequate".