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