AES Gener Gets Fitch Investment Grade

AES Gener Gets Fitch Investment Grade

Corporate & Sovereign Strategy

Fitch has upgraded the local and foreign currency issuer default ratings (IDRs) of AES Gener to BBB minus from BB+. It also raised Gener's senior unsecured debt rating, which consists of $400m senior notes due 2014, to BBB minus. The outlook is stable. Fitch lauds Gener's improved financial profile and continued solid financial and operating performance and notes that it is the largest thermoelectric generation company in Chile. The rating also reflects Gener's diversified portfolio of assets, a

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