S&P affirms Endesa Chile

Standard & Poor's said it affirmed the BBB+ ratings on Empresa Nacional de Electricidad SA (Endesa Chile).

The outlook is stable.

The ratings continue to reflect its satisfactory business risk profile and modest financial risk profile, S&P said.

Endesa Chile's leading market position in the Chilean Interconnected Central System and a favorable regulatory and pricing environment for power generation in Chile supports its satisfactory business profile, the agency said.

These factors are partially offset by its exposure to hydrology risk and investments in operations in lower-rated sovereigns, such as Argentina, Brazil, Colombia and Peru, S&P said.

© 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.