Moody's downgrades Eegsa

Moody's Investors Service said it downgraded the corporate family and the senior unsecured ratings of Empresa Electrica de Guatemala SA to Ba3 from Ba2 with a negative outlook.

The action is driven by the anticipated material deterioration in the near term of Eegsa's credit metrics, in the wake of the August tariff decision by the Comision Nacional de Electricidad y Energia, according to the agency.

© 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.