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Article: Fitch Affirms CGE's Ratings.
- Article from:
- Business Wire
- Article date:
- August 13, 2001
CopyrightCOPYRIGHT 2001 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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Business Editors
CHICAGO--(BUSINESS WIRE)--Aug. 13, 2001
Fitch has affirmed the international local and foreign currency ratings of Compania General de Electricidad (CGE) at `A' and `A-,' respectively.
CGE's foreign currency rating remains constrained by Chile `A-' foreign currency sovereign rating.
The ratings reflect the strength of the company's electricity and natural gas distribution businesses in Chile and Argentina. Although the company participates in other minor businesses, operating income (based on percentage ownership of investments) is derived primarily from the electricity (76%) and gas (20%) sectors, with Chilean and ...