Fitch affirms Compania General de Electricidad

Fitch Ratings said it affirmed the local and foreign currency issuer default ratings of Compania General de Electricidad SA at A-.

The outlook is stable.

The Chilean national-scale rating has also been affirmed at AA(chl) and the commercial paper rating at F1+(chl), the agency noted.

Fitch said that the ratings reflect the stability and diversification of its Chilean electricity and gas businesses while the company benefits from a constructive regulatory environment for its electricity affiliates, well-diversified customer base, both geographically and by customer type, solid demand growth for both electricity and gas in the served areas and a satisfactory debt amortization profile.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.