SAO PAULO (S&P Global Ratings) Aug. 5, 2022--S&P Global Ratings said today that the recently announced divestiture of Enel Chile S.A.'s (BBB/Stable/--) transmission business for $1.35 billion will help the company significantly reduce leverage. Enel Chile plans to finalize the transaction this year and expects to use the proceeds to cancel financial debt. In this context, we have updated our base case forecasts and now expect adjusted debt to EBITDA to decrease to close to 4.5x once the transaction materializes, which compares favorably with our previous expectation of 5.5x. We forecast the improvement in credit metrics to occur despite the fact that Enel Chile's operational results continue to be weak. This is mainly because of very dry conditions in Chile,
