Fitch upgrades Enel Americas

Fitch upgrades Enel Americas

Chile Central America Caribbean Corporate & Sovereign Strategy

Fitch has upgraded Enel Americas to BBB+ from BBB with a stable outlook, due to "strong and sustained credit metrics coupled with a solid business platform with a strong degree of business and geographic diversification."The power company faces challenges in some markets, namely Brazil and Argentina, but now gets some 60% of its revenues from the investment grade countries Colombia and Peru, Fitch said.The rating agency said it expects Enel Americas to keep its leverage below 2x EBITDA, which wi

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