S&P affirms Enersis

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

The outlook is stable.

The ratings reflect its satisfactory business risk profile resulting from the strong creditworthiness of its Chilean investments, solid competitive position and favorable trends for power demand in the region, S&P said.

These factors are partly offset by the higher risk of its non-Chilean investments and the exposure of its subsidiary Empresa Nacional de Electricidad SA to droughts as about 60% of its generation is hydro, the agency said.

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