Fitch rates Interconexion Electrica BBB-

Fitch Ratings said it assigned Interconexion Electrica SA ESP a BBB- local- and foreign-currency issuer default rating.

The outlook is stable.

The ratings reflect the company's strong financial profile, characterized by stable and predictable cash flows, comfortable liquidity levels and adequate credit metrics, Fitch said.

The ratings are underpinned by its low business risk profile, which is characteristic of power transmission business and reflects its natural monopoly position and geographic diversification, the agency said.

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