S&P changes Inkia view to negative

S&P said it revised its outlook on Inkia to negative from stable and affirmed its issuer credit rating at BB and issue-level rating at BB-.

Nautilus Inkia Holdings SCS, Nautilus Distributions Holdings LLC and Nautilus Isthmus Holdings LLC (co-issuers, referred to as Inkia or the company) are negotiating the sale of several large assets.

“We believe that the sale of Inkia's main subsidiaries (Kallpa and Energuate) could weaken its competitive position, diminishing its market share in the main jurisdictions where it operates, while increasing its cash-flow volatility due to higher exposure to less predictable regulatory frameworks,” S&P said in a news release.

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