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Fitch upgrades Energuate
Fitch Ratings said it upgraded Energuate Trust's long-term local- and foreign-currency issuer default ratings to BB from BB- and its $330 million bond due in 2027 to BB from BB-.
“The upgrade reflects Energuate's strong linkage to the Guatemalan sovereign rating. Fitch upgraded Guatemala's IDR to BB from BB-on Feb. 16, 2023,” the agency said in a press release.
The outlook is stable.
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