Summary: Enel Fortuna S.A. May 11
- ID: 1787004
- May 2011
- Standard & Poors
Standard & Poor's Ratings Services' rating on Panama-based hydroelectric power generator Enel Fortuna S.A. reflects the company's adequate financial profile, including low leverage and strong profitability, and the cash flow stability that long-term power purchase agreements (PPAs) with three distributors and other private companies in Panama provide. The rating also considers our assessment that the institutional framework in Panama will likely keep supporting the country's favorable business and regulatory environment, and will contribute to the stability of the electric sector and the predictability of Fortuna's financial profile. We expect that the government will likely maintain sound policies and clear regulations to promote the development of the electric sector. This limits the risk of volatility in Fortuna's financial and operational performance,...
Companies mentioned in this report are:
- Enel Fortuna S.A.
- Panama (Republic of)
- Enel SpA
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