S&P affirms Nautilus Inkia

S&P said it affirmed its BB issuer credit rating on Nautilus Inkia Holdings LLC.

The outlook remains stable.

The agency also affirmed its BB- issue level ratings.

S&P said the affirmation follows the company’s acquisition of the remaining 25% equity stake that it didn't previously own in Kallpa Generación SA and Samay ISA from Energía del Pacífico SA.

“Even after the $342 million acquisition of the remaining 25% equity stakes in Peru-based assets Kallpa and Samay, we believe Peruvian energy producer Nautilus will continue to post a debt-to-EBITDA ratio between 4x and 5x and an EBITDA interest coverage ratio above 3x,” S&P said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.