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S&P: Empresa de Energia de Bogota unchanged
Standard & Poor's said the BBB- long-term corporate credit and BB+ issue ratings on Empresa de Energia de Bogota SAE SP remain unchanged following the proposed $27 million incremental add-on to its senior unsecured notes due 2021.
The company will use the proceeds mainly to finance investments in the company's Guatemalan subsidiaries, S&P said.
The transaction doesn't affect the group's intermediate financial risk profile and the company's debt-to-EBITDA-plus-dividends ratio will remain about 3.2x, the agency said.
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