S&P rates Transelec notes BBB

Standards & Poor’s said it assigned a BBB corporate credit rating to Transelec SA and to its proposed bullet notes for up to $670 million.

The outlook is stable.

The ratings reflect Transelec’s excellent business risk profile, aggressive financial risk profile and adequate liquidity, S&P said.

Transelec’s excellent business risk profile is supported by its strong competitive position, which reflects its leading position in the Chilean electric transmission system, low economic and political risks in Chile, stable and solid regulatory framework and good operating efficiency, the agency said.

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