Fitch affirms Enerjisa Enerji

Fitch Ratings said it affirmed the national long-term ratings of Enerjisa Enerji AS and one of its main electricity distribution subsidiaries, Baskent Elektrik Dagitim AS, at AA(tur).

The outlooks are stable.

“Enerjisa and Baskent benefit from a majority of regulated earnings, with 13.6% real returns and revenues linked to inflation and visibility until the end of 2020,” the agency said in a news release.

“Both companies have limited FX exposure, which in the current Turkish economic environment represents a relative strength compared with many local corporates.”

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