Fitch affirms Elektra

Fitch Ratings said it has affirmed Elektra Noreste, SA BBB foreign and local currency issuer default ratings.

The outlook is stable.

Fitch said it has also affirmed the BBB foreign currency rating of the senior notes due 2021.

Elektra's ratings are based on its strong financial position, stable cash flow generation and low business risk profile, which is characteristic of electricity distribution companies, the agency noted.

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