S&P rates Calidda notes BBB-

Standard & Poor's said it assigned a BBB- corporate credit rating to Gas Natural de Lima y Callao SA (Calidda), along with the BBB- rating to its proposed senior unsecured notes for up to $320 million.

The outlook is stable.

The ratings reflect the company's satisfactory business risk profile due to its monopolistic position in the Lima and Callao provinces, S&P said.

The ratings also consider its adequate liquidity and its status as a subsidiary of Empresa de Energia de Bogota SA ESP, the agency said.

The ratings are constrained by its significant financial risk profile, S&P said.

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