...Fitch's Sector Outlook: Stable (2017:Stable) Fitch Ratings continues to forecast a stable outlook for the electricity sector, supported by continuous strong demand, stable reserve margins, and strong contractual positions, despite volatile low spot prices observed during the last few months. Approximately 65% of power companies in Latin America (Latam) hold a Stable Outlook and 22% hold a Positive Outlook with only a portion due to company specific trends rather than sovereign rating trends. Rating Trajectory: Up Fitch expects slightly more positive than negative rating actions, mainly as a result of Argentina's (B/Positive) rating movements, as electric-corporates' ratings remain constrained by the Sovereign's Country Ceiling. Negative rating actions may be related to specific issuer concerns, such as AES Gener (BBB¡/RWN), and subsidiaries; although issuers in Brazil such as Engie Brasil Energia S.A. and Transmissora Alianca de Energia Eletrica S.A., both rated `BB+' with Negative Outlooks,...
