London, 15 April 2016 -- Moody's Investor Service has today upgraded to Baa1 from Baa2 the issuer rating of Red Electrica de Espana, S.A.U. (REE). Moody's has also upgraded to Baa1 from Baa2 the senior unsecured guaranteed debt ratings of REE's affiliates. The outlook on all ratings is stable.

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