Fitch affirms Empresa Electrica Angamos

Fitch Ratings said it affirmed the long-term foreign and local currency issuer default ratings of Empresa Electrica Angamos SA at BBB-. The outlook is stable.

“Angamos' ratings reflect the sound structure of the company's long-term commercial agreements with strong counterparties, which allow the company to generate predictable cash flows,” the agency said in a news release.

“The company's power purchase agreements (PPAs) have an average life of 10 years and provide stable, fixed monthly capacity charge payments.”

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