Fitch affirms Haina

Fitch Ratings said it affirmed Empresa Generadora de Electricidad Haina SA's long-term issuer default rating and local currency issuer default rating at B and senior unsecured international bond rating due 2017 at B/RR4.

Concurrently, Fitch said it has affirmed both the national rating and local bond ratings with maturities in 2012 and 2016 at A-(dom).

The outlook on the issuer default rating is positive.

According to the agency, Haina's ratings reflect the electricity sector's high dependency on transfers from the central government to service its financial obligations.

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