Moody’s affirms Empresas Publicas de Medellin

Moody's Investors Service said it affirmed the Baa3 global scale issuer and senior unsecured ratings assigned to Empresas Publicas de Medellin ESP.

The baseline credit assessment of ba1 was affirmed.

The outlook remains negative.

“The affirmation of the BCA of ba1 reflects the confirmation from Autoridad Nacional de Licencias Ambientales – ANLA, the national authority for environmental licenses, that the company is authorized to progress with construction works at its Ituango hydro plant, a credit positive,” the agency said in a news release.

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