Fitch affirms Transelec

Fitch Ratings said it affirmed Transelec SA's foreign- and local-currency issuer default rating at BBB-, national scale long-term rating at A+(cl), local bond programs at A+(cl) and local bonds issuances at A+(cl).

The outlook is stable.

The ratings reflect the company's low business risk profile stemming from its exceptionally stable and predictable cash flow generation, characteristic of electric transmission utility companies and its natural monopoly condition, Fitch said.

The regulatory environment in Chile is considered solid and stable, the agency said.

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