S&P cuts Guacolda Energia

S&P said it downgraded the ratings for Guacolda Energia SA and its issues to BB- from BB, citing its belief that the company will post weaker results in the coming years.

The outlook is negative and mirrors S&P’s view that the “company’s lack of a clear and well-established execution of a recontracting strategy for Guacolda for the upcoming 12-24 months,” said S&P in a press release.

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