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Article: Fitch Downgrades & Removes CGE Group's IDR from Rating Watch Negative.

Article from:
Business Wire
Article date:
April 25, 2008
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SANTIAGO, Chile -- Fitch Ratings has downgraded the international scale Issuer Default Rating (IDR) in local and foreign currency of Compania General de Electricidad S.A. (CGE) to 'BBB+' from 'A-'.

In addition, Fitch has taken the following rating actions on the Chilean national scale:

CGE:

--Local bonds downgraded to 'AA-(chl)' from 'AA(chl)'.

--Commercial paper affirmed at 'F1+'.

CGE Distribucion S.A. (CGE Distribucion):

--Local bonds downgraded to 'AA(chl)' from 'AA+(chl)'.

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