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Fitch revises Nautilus Inkia view to negative
Fitch Ratings said it affirmed Nautilus Inkia Holdings LLC's foreign-currency and local-currency issuer default ratings at BB and revised the outlooks to negative from stable.
The rating on the senior unsecured notes was also affirmed at BB.
The agency said the actions follow Inkia's announcement that it has purchased Energia del Pacifico SA's 25% stake in Kallpa Generacion SA (BBB-/stable) for $342 million.
The outlook revision reflects a view that the funding strategy for this acquisition could have potentially negative medium-term consequences for the company's capital structure, Fitch said.
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