Fitch affirms Inkia currency

Fitch Ratings said it affirmed Inkia Energy's Ltd.'s foreign and local currency issuer default rating at BB-. The rating action affects $300 million of senior unsecured notes due 2021.

The outlook is stable.

According to Fitch, Inkia's ratings are supported by the strength of the credit quality of its most important subsidiary, Kallpa, and they also incorporate the geographic diversification of its assets, large expansion project and expected improvements in its financial profile following the completion of these projects.

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