S&P affirms Emgesa

Standard & Poor's said it affirmed the BBB- ratings on Emgesa SA ESP.

The outlook remains stable.

The action was part of a regular review, S&P said.

The ratings consider the company's position as Colombia's second-largest power generator by installed capacity, its satisfactory business risk profile and intermediate financial risk profile, S&P said.

The ratings also reflect the company's credit quality as intertwined with that of its sister company, Codensa SA ESP, because of the high integration between the two companies, the agency said.

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