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Fitch trims Guacolda Energia
Fitch Ratings said it downgraded Guacolda Energia SA's long-term foreign and local currency issuer default ratings to BB- from BB.
The outlook was negative.
Fitch also downgraded Guacolda Energia's senior notes due 2025 to BB- from BB.
“Guacolda's ratings downgrade and negative outlook reflect its declining contractual position, recontracting risk and increased exposure to the spot market,” the agency said in a news release.
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