Bulletin: Securitization Of Chilean Power Companies' Account Receivables Raises Cash Flows, But Won't Lead To Upgrades - S&P Global Ratings’ Credit Research

Bulletin: Securitization Of Chilean Power Companies' Account Receivables Raises Cash Flows, But Won't Lead To Upgrades

Bulletin: Securitization Of Chilean Power Companies' Account Receivables Raises Cash Flows, But Won't Lead To Upgrades - S&P Global Ratings’ Credit Research
Bulletin: Securitization Of Chilean Power Companies' Account Receivables Raises Cash Flows, But Won't Lead To Upgrades
Published Apr 06, 2021
2 pages (1170 words) — Published Apr 06, 2021
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About This Report

  
Abstract:

SAO PAULO (S&P Global Ratings) April 6, 2021--In the past week, the Chilean rated power generation companies announced the sale of the second group of balances stemming from stabilization of electricity prices for customers under the Law No. 21,185. Balances--recorded as account receivables on the companies' balance sheets--totaled $86 million for Enel Generacion Chile S.A. (Enel; BBB+/Stable/--), $70 million for Engie Energia Chile S. A. (Engie; BBB/Stable/--), $43 million for AES Gener S.A. (BBB-/Stable/--), and $45 million for Colbun S.A. (BBB/Stable/--), all of which the companies cashed in immediately. The transactions were made according to the terms and conditions of the agreements signed with The Goldman Sachs Group Inc. (BBB+/Stable/A-2) and Inter-American Investment Corp. (AA/Positive/A-1+) during the first quarter of

  
Report Type:

Bulletin

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

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Securitization Of Chilean Power Companies' Account Receivables Raises Cash Flows, But Won't Lead To Upgrades" Apr 06, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Securitization-Of-Chilean-Power-Companies-Account-Receivables-Raises-Cash-Flows-But-Won-t-Lead-To-Upgrades-2623222>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Securitization Of Chilean Power Companies' Account Receivables Raises Cash Flows, But Won't Lead To Upgrades Apr 06, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Securitization-Of-Chilean-Power-Companies-Account-Receivables-Raises-Cash-Flows-But-Won-t-Lead-To-Upgrades-2623222>
  
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