Fitch reduces rating of El Salvador power distributor DelSur
Fitch Ratings has dropped El Salvador electricity distributor DelSur from an AAA rating – the highest available – to A+, still high but slightly more vulnerable.
Monday, May 26, 2008
Fitch said it revised DelSur's rating because the company had guaranteed a US$100 million loan and new electricity tariffs would mean a 5 percent loss of income.
In its semi-annual review of national ratings assigned to Costa Rican financial institutions, based on results to Dec. 31, 2007, Fitch announced the ratings it has given.
Fitch Ratings has downgraded AES El Salvador Trust's foreign and local currency Issuer Default Ratings (IDRs) to 'BB' from 'BB+'.
Fitch Ratings has lowered the investment rating of the electical distribution company AES El Salvador from BBB- to BB+.
Guatemala´s BB+ sovereign risk rating and stable perspective, which is so close to the desired “Investment Grade,” is facing four threats.
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