Fitch lifts Engie Energia view to positive

Fitch Ratings said it affirmed the foreign- and local-currency issuer default ratings of Engie Energia Chile SA at BBB and the long-term national scale rating at AA-(cl).

The outlook also was revised to positive from stable.

The ratings are supported by its solid business position in the electricity market in Chile and its strong portfolio of diversified generation assets, Fitch said.

The agency said it expects Engie to maintain adequate liquidity levels in the medium term, supported by strong and predictable cash flow.

The positive outlook reflects a view that Engie has strengthened its credit profile and improved its capital structure, Fitch said.

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