Empresa Nacional de Electricidad S.A. (Endesa) 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: Full Analysis
Abstract
Strong credit profile of its Chilean investments; Low-cost power generation; Favorable economic environment for power generation in the region; Manageable debt maturity profile and good financial flexibility; and Adequate commercial strategy involving the indexing of prices to sales contracts. Exposure to high regulatory risk in Argentina; and Dependence on weather conditions for a sizable portion of its consolidated cash flow. Standard & Poor's Ratings Services' 'BBB+' rating on Empresa Nacional de Electricidad S.A. (Endesa) Chile continues to reflect our assessment of the company's business risk profile as satisfactory and its financial risk profile as modest. Endesa Chile's leading market position in the Chilean Interconnected Central System (SIC) and the benefits of a favorable regulatory and pricing environment for power generation...
Companies mentioned in this report are: Empresa Nacional de Electricidad S.A., (Endesa) Chile,Endesa S.A.,Enersis S.A.
Action: Review
Empresa Nacional de Electricidad S.A., (Endesa) Chile,Endesa S.A.,Enersis S.A.
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