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Prospect News home > News index > List of issuers E > Headlines for Energuate Trust > News item |
Fitch changes Energuate view
Fitch Ratings said it affirmed Energuate Trust's long-term local and foreign currency issuer default rating at BB and the rating for its $330 million bond due in 2027 at BB.
The outlook was revised to negative from stable.
“The negative rating outlook reflects the company's high dependence on subsidies from the government of Guatemala (BB/negative) as well as a lack of clarity regarding the government's commitment to future subsidy payments,” the agency said in a news release.
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