S&P affirms Empresa Nacional del Petroleo

Standard & Poor’s said it affirmed its BBB- ratings on Empresa Nacional del Petroleo (ENAP). S&P also kept the company’s b stand-alone credit profile unchanged.

The outlook on the corporate credit rating remains stable.

S&P said the ratings on ENAP continue to reflect S&P’s opinion that there is a “very high” likelihood that its owner, the Republic of Chile (foreign currency: AA-/stable/A-1+; local currency: AA/stable/A-1+) would provide timely and sufficient extraordinary support to the company in the event of financial distress.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.