Fitch affirms Endesa-Chile

Fitch Ratings said it affirmed both the foreign currency issuer default rating and the local currency issuer default rating for Empresa Nacional de Electricidad SA at BBB.

In addition, Fitch said it has affirmed the national-scale rating assigned for Endesa at AA-(chl), which affects $438 million of local bond issuances.

The outlook is stable.

According to the agency, Endesa Chile's ratings reflect solid credit quality and financial profile, a conservative commercial policy, ample liquidity and a strong relationship with its parent company Enersis SA.

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