Fitch affirms Interconexion

Fitch Ratings said it affirmed Interconexion Electrica's foreign- and local-currency issuer default ratings at BBB-, along with its local bonds listed at AAA(col).

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 the company's low business risk profile, which is characteristic of the power transmission business and reflects the company's natural monopoly position and geographic diversification, the agency said.

The ratings also consider the company's low business risk level supported by its regulated income and natural monopoly position in the countries in which it has operations, Fitch added.

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