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Summary: Empresa El?ctrica de Guatemala S.A. (EEGSA) May 11
Standard & Poors, May 2011
Standard & Poor's Ratings Services' rating on Empresa El-ctrica de Guatemala S.A. (EEGSA) reflects EEGSA's ability to stabilize its financial metrics despite the applicable tariffs from 2008 through 2013, which reduced the value-added distribution (VAD) component of the tariffs. Also, under the new tariff structure, cash flow generation will, we believe, allow the company to fund all its operating activities and capital investment needs through 2013. The ratings also incorporate our opinion that there is a moderate likelihood of timely and sufficient extraordinary support from the Republic of Guatemala (foreign currency: BB/Stable/B; local currency: BB+/Stable/B) to EEGSA in the event of financial distress. In accordance with our criteria for government-related entities, we base our view of a moderate likelihood of...
Companies mentioned in this report are: Empresa Electrica de Guatemala S.A. (EEGSA),Guatemala (Republic of)
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Empresa Electrica de Guatemala S.A. (EEGSA),Guatemala (Republic of)