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S&P: Enersis unaffected
Standard & Poor's said the corporate credit rating on Enersis SA (BBB-/positive) is not affected by the placement of parent Endesa SA's A corporate credit rating on CreditWatch with negative implications.
The Watch listing came after the announced takeover bid for Endesa's 100% equity stake by Gas Natural SDG, the agency said.
Enersis' credit quality is derived from the strength of its Chilean investments and the growing demand for power in Latin America, partly offset by the challenges of its non-Chilean investments, S&P said.
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