Fitch affirms Isagen

Fitch Ratings said it affirms Isagen SA ESP's foreign and local currency issuer default rating at BB+ and BBB-, respectively.

The outlook is stable.

The agency said that Isagen's ratings reflect the company's strong market share position, its solid commercial strategy and its partially diversified portfolio of electricity generation assets located throughout Colombia.

The ratings also reflect the company's exposure to regulatory risk and the competitiveness of the Colombian electricity industry as well as the explicit and implicit government support, the agency noted.

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