Fitch ups Interconexion Electrica

Fitch Ratings said it upgraded Interconexion Electrica SA ESP's (ISA) long-term foreign- and local-currency issuer default ratings to BBB+ from BBB.

The outlook is stable.

The agency also affirmed ISA's senior unsecured local bonds at AAA(col).

Fitch said the actions consider ISA's track record of strong credit metrics, which positively compares with other companies in the power transmission segment within the region. The agency expects that the company will maintain moderate leverage levels in the medium-term, following the execution of the projects in its business plan.

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