BUENOS AIRES (S&P Global Ratings) May 8, 2023--S&P Global Ratings today said Engie Energia Chile S.A.'s recently announced actions help to mitigate liquidity pressures. However, the company's short-term debt maturities are still high, in our view, considering the cash sources, and mainly consist of credit lines with six financial institutions for nearly $300 million. During the first quarter of 2023, Engie Chile posted adjusted EBITDA of $98 million, which is in line with our expectations of $300 million to $350 million for 2023. It also announced that it received a $75 million credit line--which can be increased to $150 million--from its controlling entity, Engie Austral (not rated), to finance capital expenditures and LNG purchases. In addition, it communicated that $100
