S&P lifts Empresa de Energia view to stable

S&P said it revised the outlook to stable from negative on Empresa de Energia de Bogota SA ESP and its subsidiaries, Transportadora de Gas Internacional SA ESP and Gas Natural de Lima y Callao SA (Calidda).

The agency also said it affirmed the BBB- corporate credit and senior unsecured debt ratings on the companies.

The company's financial performance for the past 12 months has been stronger than expectations thanks to a normalized dividend flow, debt reduction and a stronger Colombian peso, S&P said.

According to an updated forecast, Empresa de Energia’s core financial ratios will remain in line with its significant financial risk profile, the agency said.

The company also operates under stable and predictable regulatory regimes with an operating efficiency viewed as adequate, S&P said.

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