The rating agency ratified the BBB international rating and maintained the maximum national long and short-term ratings of ISAGEN.
The rating agency FITCH Ratings ratified the BBB international rating and the AAA and F1 + national long and short-term ratings, respectively, of ISAGEN S.A. E.S.P., all with stable perspective. Likewise, it affirmed the AAA rating of local bond issuances of ISAGEN, and the AAA and F1 + the long and short-term issuances, respectively, of the Shelf Registration Program of Ordinary Bonds and Commercial Papers of the company.
The ratings assigned are based on the Company's solid position in the energy market, its strong and diversified portfolio of generation assets, the predictability of its EBITDA generation and its credit metrics.
The report highlights that ISAGEN is well positioned in respect to other electric generation companies that Fitch rates at a national scale: "Its conservative business strategy mitigates its exposure to the volatility stemming from the structural characteristics of the electricity generation market in Colombia."
The credit rating allows identifying the ability of the Company to comply with its obligations. The results ratify ISAGEN as a solid company, with the highest credit rating at the national level and international investment grade.