Fitch affirms EGE Haina

Fitch Ratings said it has affirmed Empresa Generadora de Electricidad Haina, SA's international foreign and local currency issuer default ratings at B-.

The senior unsecured debt is also affirmed at B-/RR4, the agency said, adding that the rating action applies to $175 million of notes due 2017 issued by EGE Haina.

The outlook is stable.

Concurrently, Fitch said it has affirmed EGE Haina's national-scale rating of BBB(dom), which applies to the company's senior unsecured debt issuance program of $30 million.

EGE Haina's ratings reflect risks of operating electric generation assets in the Dominican Republic and are constrained by the systemic risks of the sector, the agency noted.

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