Fitch revises Nautilus Inkia view to negative

Fitch Ratings said it affirmed Nautilus Inkia Holdings LLC's foreign-currency and local-currency issuer default ratings at BB and revised the outlooks to negative from stable.

The rating on the senior unsecured notes was also affirmed at BB.

The agency said the actions follow Inkia's announcement that it has purchased Energia del Pacifico SA's 25% stake in Kallpa Generacion SA (BBB-/stable) for $342 million.

The outlook revision reflects a view that the funding strategy for this acquisition could have potentially negative medium-term consequences for the company's capital structure, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.