Fitch ups Enami to A

Fitch Ratings said it upgraded the long-term foreign currency rating of Empresa Nacional de Mineria (Enami) to A from A-.

Fitch also affirmed the A+ senior unsecured local currency (Chilean peso) rating. The outlook is stable.

This rating action follows this week's upgrade of the long-term foreign currency sovereign rating of Chile to A from A-.

Fitch said Enami's ratings reflect the explicit and implicit support the company receives from the Chilean government.

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