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Published on 6/24/2019 in the Prospect News Emerging Markets Daily.

Fitch ups ENA Norte, ENA Este

Fitch Ratings said that it affirmed ENA Sur Trust at BBB and AAA(pan).

It also upgraded ENA Norte Trust to BBB- from BB+ and to AA(pan) from AA-(pan).

ENA Este, SA was upgraded to BB from BB- and to A+(pan) from A(pan).

All outlooks are stable.

The agency said the actions reflect the application of its government-related entities rating criteria, and factor the likelihood of government support by assessing the strength of the linkage between the three issuers and the Panamanian government.


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