- Published: May 2010
Enersis, Pehuenche, Endesa Chile, Endesa Chile Overseas, and Chilectra on CreditWatch Negative
- Published: April 2001
- Region: Chile
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
NEW YORK (Standard & Poor's CreditWire) April 4, 2001--Standard & Poor's today placed the local currency ratings of Enersis S.A., Empresa Nacional de Electricidad S.A. (Endesa Chile), Endesa Chile Overseas Co., Empresa Electrica Pehuenche S.A. (Pehuenche), and Chilectra S.A. on CreditWatch with negative implications. In addition, the foreign currency ratings of Endesa Chile, Endesa Chile Overseas Co., and Pehuenche were also placed on CreditWatch with negative implications--see below for ratings listing. This action reflects, to a large degree, the increasing contribution of utility earnings to Enersis and Endesa Chile from countries outside of Chile. Importantly, the ability to generate funds at, and access funds from, non-Chilean subsidiaries has become riskier. The creditworthiness of the subsidiaries, especially those in Argentina, Colombia,...
Companies mentioned in this report are: Enersis S.A.,Endesa S.A.,Empresa Distribuidora Sur S.A. (EDESUR)
Action: On CreditWatch:Negative
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Enersis S.A.,Endesa S.A.,Empresa Distribuidora Sur S.A. (EDESUR)