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Abengoa obtains credit ratings from Fitch and Moody´s for the first time

September 13, 2010

• Abengoa becomes one of the few companies amongst its peers to obtain a public credit rating.
• The credit ratings enhance Abengoa’s commitment to transparency and will further facilitate its successful track record in the capital markets.

Madrid, 13 September 2010.- Abengoa, a leading global provider of solutions for sustainable development in energy and environment, has been awarded a public rating by Moody´s Investors Service and Fitch Ratings.

The long term ratings awarded by Fitch and Moody’s are just below the investment grade category, with an Issuer Default Rating of BB (stable outlook) from Fitch and a Ba3 (stable outlook) Corporate Family Rating from Moody’s. The unsecured senior bonds issued by Abengoa in November 2009 (€300 M) and March 2010 (€500 M) have received the same ratings.

These credit ratings will assist the company as it continues to successfully access the capital markets to fund its future growth and diversify its funding sources. Abengoa has previously placed two senior unsecured bonds, becoming the first Spanish corporate to place an unrated bond in the debt capital markets.

Furthermore, the public ratings will reinforce Abengoa’s commitment to transparency, being the first European company to voluntarily adopt the requirements specified under the US Sarbanes-Oxley Act.

“The award of these credit ratings reaffirms our successful business and financial strategy and brings enhanced credibility to our partners, clients and suppliers worldwide and further reinforces our capabilities to continue to play a leading role in the development and construction of infrastructure projects around the globe”, said Amando S. Falcón, Chief Financial Officer of Abengoa.

“Our geographic and business diversity and leading market positions, together with our conservative approach towards liquidity and funding has been key in the award of these ratings”, said Mr. S. Falcón.

Ratings from the agencies:

Extract of Fitch's press release: “The ratings are supported by Abengoa’s diversity in terms of geography, industry and counterparties, in addition to its profitable and growing businesses. Fitch acknowledges Abengoa’s leading positions in the renewable energy arena, especially in thermal solar power, European recycling and biofuels”.

Extract of Moody's press release: “The Ba3 CFR for Abengoa reflects the combination of its well-established industrial operations and a diversified portfolio of concessions in the energy, water treatment and industrial services sectors. Together, the two segments benefit from the underlying growth in environmental applications (renewable energies, industrial recycling and electrical power transmission), and the visibility that regulated returns generally provide”.

Fitch Ratings, part of the Fitch Group, is an international credit rating agency that is present in the capital markets in more than 150 countries. (www.fitchratings.com)

Moody’s Investors Service is a credit rating agency that is dedicated to international financial research and analysis of commercial and governmental entities. (www.moodys.com)

Abengoa is a technology company that applies innovative solutions for sustainability in the infrastructure, environmental, and energy sectors. Abengoa Solar is listed on the Spanish Stock Exchange and is present in more than seventy countries, where the company operates through its five Business Units: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Engineering and Construction. (www.abengoa.com)

Communication Department Contact

Patricia Malo de Molina Meléndez

Loreto González Goizueta

Tel: +34 954 93 71 11

E-mail: comunicacion@abengoa.com

Investor Relations Contact

Juan Carlos Jiménez Lora

Tel: +34 954 93 71 11

E-mail: investor-relations@abengoa.com