Etesa gets thumbs up from  Fitch and Moody’s

 
1,441Views 0Comments Posted 04/04/2019

The Fitch Ratings rating company on Wednesday, April 2  assigned a rating of 'BBB' and a national long-term rating of 'AAA ', with a stable outlook. to Empresa de Transmisión Eléctrica, SA . (Etesa)

The rating also reflects that the company has a relatively low commercial risk, stable cash flows and owns its assets.

On  Monday, Moody's rating agency also awarded a note from Baa1 to Etesa and acknowledged that the construction project for the fourth transmission line would have little impact on the company's cash flow.

Etesa is preparing to issue a bond with which it must cover the debts it has in the short and medium term and amount to more than $500 million. About $400 million of that debt relates to the construction of the third electric transmission line.

 

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