Fitch affirms Elektra Noreste

Fitch Ratings said it affirmed Elektra Noreste, SA's foreign- and local-currency issuer default ratings at BBB.

The outlook is stable.

Elektra's ratings are based on its strong financial position, stable cash flow generation and low business risk profile, the agency said.

Elektra's ratings also incorporate the company's exposure to regulatory risk, which is considered modest as the Panamanian electricity regulator operates independently from the central government, 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.