Moody's lifts Empresa Electrica to Ba2

Moody's Investors Service said it upgraded the corporate family rating and senior unsecured rating of Empresa Electrica de Guatemala SA (Eegsa) to Ba2 from Ba3.

The outlook remains positive.

"The upgrade to Ba2 of EEGSA's ratings and positive outlook reflect Moody's expectation that EEGSA's credit metrics will remain robust for the Ba-rating category," Moody's vice president and senior analyst Natividad Martel said in a news release.

This expectation is driven by the reasonable outcome in terms of credit supportiveness of the recent VAD-tariff review which will remain in place until the end of July 2018 further enhancing Empresa Electrica's cash flow visibility.

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