Fitch upgrades Viesgo, debt

Fitch Ratings said it upgraded Viesgo Generacion SLU's long-term issuer default rating to BB from BB- and its senior secured rating to BB+ from BB.

The outlook on the issuer default rating is stable.

Fitch said the upgrade reflects the improved business profile resulting from the inclusion of the supply activities in the rating perimeter, the strengthened capital structure with substantially lower gross debt post refinancing and the record of cash generation.

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