Fitch upgrades Engie in Chile

Fitch upgrades Engie in Chile

Capital Markets Chile Europe Andean

Fitch Ratings said it upgraded the Chilean business of the French electric utility company Engie to BBB+ from BBB on the "view that the company has strengthened its credit profile." Engie Energia Chile has contracted 100% of revenues through 2028 with an average of 12 years left in its power purchase agreements (PPAs), mostly in the mining sector. It has completed a $2.2 billion expansion plans and it is expected to keep debt at two times EBITDA from 2020 to 2022, Fitch listed as reasons for the

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial