S&P affirms Interconexion Electrica

Standard & Poor’s said it affirmed its BBB corporate credit rating on Interconexion Electrica SA ESP (ISA).

The outlook remains stable.

S&P said the rating on ISA reflects its “satisfactory” business risk profile, which benefits from a stable and generally predictable business environment in the countries in which the company operates. In addition, ISA holds a strong market position thanks to its control of a majority of Colombia’s and Peru’s electricity transmission grids.

The stand-alone credit profile also reflects ISA’s “intermediate” financial risk profile, which is supported by its key financial ratios, the agency said.

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