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Prospect News home > News index > List of issuers E > Headlines for Empresas Publicas de Medellin ESP > News item |
Fitch to rate EPM debt BBB-
Fitch Ratings said it expects to assign a BBB- long-term rating to Empresas Publicas de Medellin ESP's proposed senior debt issuance.
The company is expected to use the proceeds from the issuance mainly to fund its capital investments program and for general corporate purposes.
EPM's ratings reflect the company's low business risk resulting from its business diversification and characteristics as a utility service provider, as well as its solid credit protection measures supported by low leverage, healthy interest coverage and a strong liquidity position, the agency said.
EPM's ratings consider the company's somewhat aggressive growth strategy as well as its exposure to regulatory risk, which is considered moderate, Fitch said.
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