The international rating upgrade indicates an improvement within investment grade, with a stable outlook.
The ratings agency also ratified the highest long-term national scale rating for local bond issues and for the Company’s bond issuance and placement program.
The FITCH Ratings agency updated ISAGEN’s long-term international ratings in both local and foreign currency. The rating was upgraded from BBB- to BBB, which indicates an improvement within investment grade.
The ratings agency also ratified the highest long-term national scale ratings for local bond issues and for the Bond and Commercial Paper issuance and placement program at AAA, and at F1+ in the short-term.
The assigned ratings are based on the Company’s solid position in the energy market, its solid and diversified generation assets portfolio and its credit metrics. They also reflect an improvement in the Company’s capital structure and the greater predictability of its EBIDTA in the medium-term.
Credit ratings allow identifying the Company’s capacity to fulfill its obligations. These results confirm ISAGEN as a solid company, with the highest credit ratings at the national level and investment grade at the international level.