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BULLETIN: Enersis S.A. Rating, Outlook Unaffected By Parent's Negative Watch Listing
Standard & Poors, Sep 2005
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.
Abstract
NEW YORK (Standard & Poor's) Sept. 6, 2005--Standard & Poor-s Ratings Services said today that the corporate credit rating on Chile-based electricity provider Enersis S.A. (BBB-/Positive/--) is not affected by the placement of its Spain-based 60% parent Endesa S.A.'s 'A' corporate credit rating on CreditWatch with negative implications. The Watch listing came after today's announced takeover bid for Endesa`s 100% equity stake by Spain`s Gas Natural SDG. Enersis' credit quality is derived from the strength of its Chilean investments and the growing demand for power in Latin America, partly offset by the challenges of its non-Chilean investments. In addition, the company's adequate financial profile does not incorporate financial support from Endesa....
Companies mentioned in this report are: Enersis S.A.,Endesa S.A.
Action: Bulletin
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