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Article: Fitch Ratings Affirms CGE's Ratings At 'A/A-'.
- Article from:
- Business Wire
- Article date:
- September 26, 2002
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Business Editors
CHICAGO--(BUSINESS WIRE)--Sept. 26, 2002
Fitch Ratings 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's 'A-' foreign currency sovereign rating. The national scale rating of CGE has also been maintained at 'AA+(chl)'.
The ratings reflect the inherent strengths of CGE's electricity and natural gas distribution businesses in Chile, and also incorporates the impact of Argentine volatility on its operating results and cash flow. Although the company participates in other minor ...