Moody's affirms ICE

Moody's Investors Service said it affirmed the Baa3 foreign currency senior unsecured rating of Instituto Costarricense de Electricidad and assigned a (P)Baa3 rating to the company's proposed $250 million senior unsecured note offering.

The outlook is stable.

"ICE's Baa3 rating largely reflects its ownership structure and linkages with the Government of Costa Rica," said Natividad Martel, assistant vice president at Moody's.

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