Moody's ups Inkia to Ba3

Moody's Investors Service said it upgraded the corporate family rating and the global senior unsecured notes' rating of Inkia Energy Ltd. to Ba3 from B1.

The outlook is stable.

"The rating action acknowledges the successful conversion of Kallpa's open cycle facilities (three turbines) to a CC-configuration in August 2012 along with a commercial policy that has enhanced this subsidiary's ability to generate larger and more predictable cash flows and upstream dividends to Inkia, its parent holding company" Moody's vice president Natividad Martel said in a news release.

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