S&P affirms Enersis

Standard & Poor's said that it affirmed the BBB+ ratings on Enersis SA.

The outlook is stable.

The BBB+ ratings on Enersis reflect its satisfactory business risk profile resulting from the strong creditworthiness of its Chilean investments, its solid competitive position in the majority of the countries in which it operates and the favorable trends for power demand in the region, the agency said.

The higher risk of its non-Chilean investments and the exposure of its 60%-owned subsidiary Empresa Nacional de Electricidad SA Chile (BBB+/stable) to droughts partially offset the positive factors, the agency added.

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