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Turning the corner

Spanish utilities have been suffering from weakening credit profiles and worries about Latin America but better news is on the horizon, with domestic energy prices set to increase next year. Hardeep Dhillon looks at how bondholders will fare as companies benefit

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Headaches in Latin America and falling global share prices have weighed heavily on Spanish utilities, which have subsequently suffered weakening credit profiles. But third-quarter earnings from the main players, Endesa, Iberdrola and Union-Electrica Fenosa (UEF) are providing some upside in sentiment and more good news is in the offing.

Domestic electricity prices are set to increase for the first

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