S&P ups EGE Haina

Standard & Poor’s said it upgraded Empresa Generadora de Electricidad Haina SA (EGE Haina) to B+ from B.

The outlook remains stable.

S&P said EGE Haina has improved its key financial ratios beyond S&P’s expectations, following a higher EBITDA margin due to greater power generation at its new, more efficient plants and successful cost management, which is reflected in lower cost as a percentage of revenues.

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