Fitch revises Energuate view to positive

Fitch Ratings said it revised Energuate Trust’s outlook to positive from stable and affirmed the BB- ratings on the issuer and its $330 million of bonds due 2027.

“Fitch revised Guatemala's sovereign rating (BB-) outlook to positive from stable on April 26, 2022, reflecting its better than expected fiscal performance. Energuate's strong linkage to the government is based on government subsidies that have averaged 72%, over the last three years, of the company's total EBITDA,” the agency said in a press release.

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