S&P affirms Empresa de Energia de Bogota

S&P said it affirmed its BBB- corporate credit rating on Empresa de Energia de Bogota SA ESP.

S&P also reviewed the senior unsecured issue-level rating on the company, which S&P labeled as "under criteria observation" (UCO) after publishing a revised issue ratings criteria.

“With our criteria review complete, we're removing the UCO designation from this rating and are lowering it to BB+ from BBB-,” S&P said in a news release.

The rating action on the company’s senior unsecured debt stems solely from the application of S&P’s revised issue rating criteria.

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