Fitch affirms GNL Quintero

Fitch Ratings said it affirmed the long-term foreign and local currency issuer default ratings of GNL Quintero SA at BBB+.

The outlook is stable.

“GNLQ's ratings reflect the stable and predictable cash flow generation as a result of long-term terminal user agreements (TUA) with strong credit profile off-takers,” the agency said in a news release.

“The ratings also reflect the company's position as a key strategic asset for the republic of Chile and key players in the Chilean energy sector and the support of its majority shareholder, Enagas, which enhances GNLQ financial policies and credit profile.”

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