S&P affirms Electricidad de Caracas

Standard & Poor's said it affirmed its B long-term corporate credit rating on C.A. La Electricidad de Caracas and its B rating on Electricidad de Caracas Finance BV's $260 million senior unsecured notes.

The outlook is stable.

S&P said entities in the Bolivarian Republic of Venezuela (B+/stable/B) continue to face high risk, even as the credit quality of the sovereign itself has improved. Pervasive country risk factors endemic to Venezuela heighten the operating and financial risk facing industrial and financial corporations. Country risk is a significant credit rating factor for industrial companies rated by S&P.

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