EEB Nabs Third I-Grade Rating

EEB Nabs Third I-Grade Rating

Colombia Corporate & Sovereign Strategy

Fitch Ratings has upgraded Empresa de Energia de Bogota's (EEB) to BBB minus from BB+, it says, giving the utility its third investment grade rating. “The upgrades reflect EEB's improving financial profile, as a result of an investment strategy that has increased cash flow at a faster pace than debt,” Fitch says. During the 12 months to September 30, EEB generated $798m in Ebitda, compared to an average of $570m during the previous three years. The agency expects a further strengthening of the c

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