Bulletin: Enel Chile S.A.'s Third-Quarter Results As Expected; Leverage To Remain High This Year But Fall In 2023 - S&P Global Ratings’ Credit Research

Bulletin: Enel Chile S.A.'s Third-Quarter Results As Expected; Leverage To Remain High This Year But Fall In 2023

Bulletin: Enel Chile S.A.'s Third-Quarter Results As Expected; Leverage To Remain High This Year But Fall In 2023 - S&P Global Ratings’ Credit Research
Bulletin: Enel Chile S.A.'s Third-Quarter Results As Expected; Leverage To Remain High This Year But Fall In 2023
Published Nov 04, 2022
2 pages (1119 words) — Published Nov 04, 2022
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About This Report

  
Abstract:

This report does not constitute a rating action. SAO PAULO (S&P Global Ratings) Nov. 4, 2022--S&P Global Ratings said today that it maintains its 2022 EBITDA estimate for Chilean electricity utility Enel Chile S.A. (BBB/Stable/--) at $900 million. The company?s third-quarter adjusted EBITDA of $242 million, versus the $313 million in the first half of the year, indicates some improvement in its operating and financial conditions. The improvement comes amid better hydrology and higher availability of natural gas from Argentina at relatively low prices. This is despite the fact that electricity spot prices in Chile continue to be high (at close to $110/megawatt hour, which hampers Enel Chile?s profitability, considering that the company needs to buy energy in the spot

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Bulletin

Ticker
ENERSICH
Issuer
Enel Chile S.A.
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
Chile
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Enel Chile S.A.'s Third-Quarter Results As Expected; Leverage To Remain High This Year But Fall In 2023" Nov 04, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Enel-Chile-S-A-s-Third-Quarter-Results-As-Expected-Leverage-To-Remain-High-This-Year-But-Fall-In-2023-2912219>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Enel Chile S.A.'s Third-Quarter Results As Expected; Leverage To Remain High This Year But Fall In 2023 Nov 04, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Enel-Chile-S-A-s-Third-Quarter-Results-As-Expected-Leverage-To-Remain-High-This-Year-But-Fall-In-2023-2912219>
  
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