Fitch ups Electricidad de Caracas

Fitch Ratings said it upgraded the senior unsecured foreign currency rating of C.A. La Electricidad de Caracas to B+ from B- and its senior unsecured local currency rating to BB- from B.

The stable outlook has been maintained.

Fitch said the rating action follows Fitch's upgrade of the Bolivarian Republic of Venezuela's long-term foreign currency rating to B+ from B- and its long-term local currency (Venezuelan bolivar) rating to B+ from B-. The sovereign actions reflect Venezuela's improved credit profile following the resolution of uncertainty related to the August presidential recall referendum, as well as higher international liquidity.

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