Fitch rates Isagen BB, BBB-

Fitch Ratings said it assigned BB foreign-currency and BBB- local-currency issuer default ratings to Isagen SA ESP.

The outlook for the foreign-currency issuer default rating is positive, and the outlook for the local-currency issuer default rating is stable.

The agency said Isagen's ratings reflect the company's solid market share position, its solid commercial strategy and its somewhat diversified portfolio of electricity generation assets located throughout Colombia. Isagen's credit metrics are considered adequate for the rating category and supportive of the company's credit quality.

The ratings also reflect the company's exposure to regulatory risk and the competitiveness of the Colombian electricity industry, Fitch added.

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