Moody’s alters ENAP view to stable

Moody’s Investors Service said it changed its outlook for Empresa Nacional del Petroleo to stable from negative and affirmed its Baa3 senior unsecured ratings.

“ENAP's stable outlook assumes that the company will continue to focus on maintaining adequate operating cash flow and leverage over the medium-term and that the government of Chile's support of the company will remain high,” the agency said in a press release.

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