Fitch lifts Inkia Energy view to stable

Fitch Ratings said it affirmed the long-term local- and foreign-currency issuer default ratings of Inkia Energy Ltd. at BB.

The agency also affirmed the company’s senior unsecured notes at BB.

The outlook was revised to stable from negative.

The stable outlook reflects the more stable predictability of the company’s future cash flow generation and expected de-leveraging process as the company’s key expansion projects go online throughout the year, Fitch said.

Inkia’s ratings are supported by the solid credit profile of its most important subsidiary, Kallpa Generacion SA - Kallpa, a Peruvian thermo-electric generation company, the agency said.

Kallpa’s credit quality is supported by its contractual position and competitive cost structure, Fitch said.

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