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Article: Fitch Affirms CGE IDRs at 'A-'; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- September 4, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SANTIAGO, Chile -- Fitch Ratings has affirmed the local and foreign currency Issuer Default Ratings (IDRs) of Compania General de Electricidad S.A. (CGE) at 'A-'. The Rating Outlook is Stable. The Chilean National Scale rating has also been affirmed at 'AA(chl)' and the commercial paper rating at 'F1+(chl)'.
CGE's ratings reflect the stability and diversification of its Chilean electricity and gas businesses. The company benefits from a constructive regulatory environment for its electricity affiliates; well-diversified customer base, both geographically and by customer type; solid demand growth for both electricity and gas in the served areas; and a ...