Fitch affirms Emgesa

Fitch Ratings said it affirmed Emgesa SA ESP's foreign and local currency issuer default rating at BBB-. The outlook is revised to positive from stable.

Fitch said it also affirmed Emgesa's long-term national scale rating at AAA(col) with a stable outlook, as well as the debt listed at the end of this release.

The agency said Emgesa's positive outlook reflects the company's strong financial profile and Fitch's expectation that debt increases to finance the El Quimbo project will not increase leverage significantly.

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