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Article: Fitch: Enersis & Endesa-Chile's Ratings Unaffected by Acctg Changes, Remain on Rating Watch Negative.
- Article from:
- Business Wire
- Article date:
- January 17, 2003
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Business Editors
CHICAGO--(BUSINESS WIRE)--Jan. 17, 2003
The recent announcement by Enersis (NYSE: ENI) and Endesa-Chile (NYSE: EOC) regarding their accounting adjustment, in and of itself, will not affect the respective ratings of Enersis or Endesa-Chile. Fitch currently rates Enersis' international local and foreign currency obligations 'BBB+' and the national scale rating is 'AA-'. Endesa-Chile's international local and foreign currency ratings are 'BBB+' and national scale rating is 'AA'. All ratings are on Rating Watch Negative. Enersis owns 60% of Endesa-Chile.
The credit quality of Enersis and Endesa-Chile should not be affected by the ...