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Bulletin: Enersis S.A. Rating Unaffected By Parent Company Going On CreditWatch
Standard & Poors, Dec 2010
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
BUENOS AIRES (Standard & Poor's) Dec. 10, 2010--Standard & Poor-s Ratings Services said today that its rating on Chile-based electricity provider Enersis S.A. (BBB+/Stable/--) is not affected by the placement of its Spain-based 60% parent Endesa S.A. on CreditWatch Negative. The CreditWatch listing reflects our current uncertainty as to whether a one-notch uplift should be applied to Endesa's 'bbb+' stand-alone credit profile for potential Italian government support. Enersis's credit quality comes from its satisfactory business-risk profile and its modest financial-risk profile. The business profile is supported by its Chilean investments; its solid competitive position in Argentina, Brazil, Chile, Colombia, and Peru; and the favorable trends for power demand in most of those countries. These are partly offset by the higher...
Companies mentioned in this report are: Enersis S.A.,Endesa S.A.,Empresa Nacional de Electricidad S.A., (Endesa) Chile
Action: Bulletin
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