Fitch rates E.CL BBB-

Fitch Ratings said it assigned a foreign- and local-currency issuer default ratings of BBB- to E.CL SA and a national scale rating of A(cl).

The outlook is stable.

E.CL's ratings reflect the sound financial profile and the stability of the company's cash flow generation, the agency said.

The company benefits from long-term power purchase agreements with financially strong counterparties, mainly mining and electricity distribution companies, the agency added.

© 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.