S&P affirms Guacolda Energia

S&P said it affirmed its BB long-term issuer credit and issue-level ratings on Guacolda Energia SA.

The outlook is stable.

The ratings on Guacolda continue to incorporate the low production cost at its 760 megawatt coal-fired plant and its favorable sale pricing mechanism that allows it to almost fully pass through higher operating costs to its customers, the agency said.

They also take into account the company's strategic location in the northern part of Chile's largest power grid and its proximity to large industrial and mining operations, S&P said.

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