S&P assigns BBB to Engie notes

S&P said it assigned a BBB rating to Engie Energia Chile SA’s proposed offering of up to $400 million of senior unsecured notes due 2030. The company will use the proceeds to cancel the $400 million senior debt due 2021.

“In our view, the company is taking advantage of favorable market conditions to extend the tenor of its debt through the proposed senior unsecured bullet notes issuance,” the agency said in a press release.

S&P affirmed the BBB ratings on Engie and its senior debt. The outlook is stable.

© 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.