...Fitch Ratings affirmed AES Andres B.V.'s Long-Term Foreign Currency Issuer Default Rating at `BB¡' and National Long-Term Rating at `AA(dom)'. The Outlooks were revised to Stable from Rating Watch Negative (RWN). Fitch also affirmed Andres' USD270 million of notes due in 2026 at `BB¡' and removed the RWN. Following repairs to the steam turbines, which were covered by the companies' insurance and manufacturer's warranty, net of applicable deductibles for equipment and business interruption, at AES Andres and Dominican Power Partners (DPP; AA[dom]/Stable), the turbines at both plants are now fully operational. The RWN was placed on Andres and the notes due to uncertainty surrounding the repairs to steam turbines at both AES Andres and DPP, and the possible length of outage times. AES Andres' outage was caused by a lightning strike in September 2018, while DPP's was caused by defective turbine blades discovered after a failed start in February 2019. Andres' ratings reflect the Dominican Republic's...
