Fitch affirms Nautilus Inkia

Fitch Ratings said it affirmed Nautilus Inkia Holdings SCS' long-term foreign and local currency issuer default ratings at BB.

The rating action affects $373 million senior unsecured notes due in 2027.

The outlook is stable.

“Inkia's ratings reflect the company's consolidated credit profile of its subsidiaries, underpinned by stable cash flow generation, a strong business position, and adequate liquidity as well as expectations for credit metrics to remain in line with the rating level over the medium term,” Fitch said in a news release.

“The ratings are buoyed by the company's main cash flow subsidiary, Kallpa, which mitigates other subsidiary's relatively weaker credit profiles.”

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