Fitch affirms Interconexion Electrica

Fitch Ratings said it affirmed Interconexion Electrica SA ESP's long-term foreign and local currency issuer default ratings at BBB+.

In addition, Fitch affirmed the company’s senior unsecured local bond and commercial paper program rating at AAA(col) and F1+(col), respectively.

The outlook is stable.

“ISA's ratings reflect the company's low business risk profile, which is a characteristic of the power transmission business,” Fitch said in a news release.

“The ratings incorporate the strong geographic and business diversification of its revenue source, which along with the high predictability of cash flows from operations, translate into a strong financial profile.”

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