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Published on 10/19/2021 in the Prospect News Emerging Markets Daily.

Fitch cuts Peruvian power projects

Fitch Ratings said it downgraded two Peruvian infrastructure sector issuers and revised their outlooks to stable from negative following last week’s downgrade of Peru’s issuer default rating and outlook revision to stable from negative.

The agency lowered Atlantica Transmision Sur’s $432 million of notes due in 2043 to BBB from BBB+ and Genrent del Peru SAC's: $106.5 million of senior secured notes due in 2037 to BBB- from BBB.


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