Fitch affirms Inversiones Alsacia

Fitch Ratings said it affirms the BB rating on Inversiones Alsacia's $464 million senior secured bonds due in 2018.

The outlook remains stable.

The rating reflects the company's strong competitive position, essential public service, complex operation, limited operator experience and conservative debt structure, according to the agency.

The affirmation of the BB rating is supported by a combination of increasing operation efficiency, augmented revenue, cost control and debt coverage, the agency said.

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