S&P affirms Empresa Generadora de Electricidad Itabo

S&P said it affirmed its BB- corporate credit and issue-level ratings on Empresa Generadora de Electricidad Itabo SA (Itabo).

The outlook remains stable.

S&P said the ratings on Itabo continue to reflect an expectation that despite the company’s conservative credit metrics and adequate liquidity position, the company won't be able to withstand a sovereign stress scenario. As a result, the BB- ratings on the Dominican Republic continue to limit the ratings on Itabo.

© 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.