Fitch shifts AES El Salvador view to stable

Fitch Ratings said it changed the outlook to stable from negative and affirmed AES El Salvador Trust II's foreign- and local-currency issuer default ratings at B- and the trust's senior unsecured notes due 2023 at B-/RR4.

“The stable outlook reflects the increased stability of subsidy payments from the Salvadoran government over the past few years, as well as the firm's decreasing reliance on subsidies for cash flow generation,” Fitch said in a press release.

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