Fitch upgrades Enel in Chile

Fitch upgrades Enel in Chile

Debt Bonds Chile Europe

Fitch Ratings said on Tuesday that it upgraded Enel Generación Chile, an electric utility company in Chile owned by Italy's Enel, to A- from BBB+, citing projections for strong earnings growth through 2022. Fitch also said it upgraded Enel Generación's local ratings to AA+(cl) from AA(cl) and revised the outlook to stable from positive. Enel's utility business in Chile will likely post roughly $1 billion in annual EBITDA and keep its total debt below two times EBITDA from 2020 to 2022, Fitch sai

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