S&P lifts Edenor to B-

S&P said it raised its corporate credit and issue-level ratings on Empresa Distribuidora y Comercializadora Norte SA (Edenor SA) to B- from CCC+.

The outlook is stable.

The agency said the action follows the improvement in Edenor's capital structure since the announcement of the integral tariff review on Jan. 31, which has established a rates mechanism and an investment plan for the electricity sector for the next five years.

The new regulatory framework eliminates Edenor's dependence on discretionary disbursements from the government and improves its cash flow predictability in the short to medium term, as well as its liquidity and capital structure.

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