S&P lifts Empresa de Energia de Bogota

Standard & Poor's said it raised its corporate credit rating on Empresa de Energia de Bogota SAESP to BBB- from BB+. The outlook is stable.

At the same time, the agency said it affirmed its BB+ rating on Empresa's senior unsecured debt due 2021.

S&P said the upgrade reflects the company's improved business profile, given the successful diversification of its core operations in several countries in the region, including Peru and Colombia, which have investment grade sovereign credit ratings with positive outlooks.

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