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Fitch assigns Interchile notes BBB+
Fitch Ratings said it assigned an expected BBB+ rating to Interchile SA’s planned issuance for up to $1.3 billion in senior secured notes due in 2056.
“Interchile's rating reflects a transmission line portfolio with predominantly availability-based, regulated revenues. The revenue profile is hybrid, with fixed prices during the first 20 years of operation, followed by a tariff reset phase every four years, which exposes the transaction to price risk,” Fitch said in a press release.
The outlook is stable.
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