Fitch lifts Empresa de Energia de Bogota currency

Fitch Ratings said it upgraded Empresa de Energia de Bogota's foreign and local currency issuer default ratings to BBB- from BB+.

These rating actions apply to $610 million of outstanding debt.

Fitch said it has also upgraded the issuer's national-scale rating to AAA(col) from AA+(col). The outlook is stable.

The upgrades reflect company's improving financial profile as a result of an investment strategy that has increased cash flow at a faster pace than debt, Fitch noted.

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