Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Engie Energia Chile S.A.

E-CL S.A.

Published Dec 20, 2012

2305 words — Published Dec 20, 2012

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Strong ownership; Strong market position in Chile's SING; Large portfolio of power sale contracts; and Diversified power generating capacity. High competitive pressures from other large power generators; and Volatile market conditions in the SING. Our ratings on E-CL S.A. reflect the company's "satisfactory" business risk profile and "intermediate" financial risk profile. E-CL's business risk profile mainly benefits from its strong market position in Chile's Northern Interconnected System (SING), with about 50% market share in terms of installed power generating capacity; its diversified capacity mainly among coal and natural gas fired units; its large portfolio of power sale contracts with solid counterparties; a sale pricing mechanism that allows to pass-through fuel costs to its customers; and its strong ownership. The ratings

Brief Excerpt:

RESEARCH E-CL S.A. Publication date: 20-Dec-2012 Primary Credit Analyst: Sergio Fuentes, Buenos Aires (54) 114-891-2131; sergio_fuentes@standardandpoors.com Secondary Contact: Jose Coballasi, Mexico City (52) 55-5081-4414; jose_coballasi@standardandpoor...

Report Type:

Full Report

Ticker

ECL@CI

Issuer

Engie Energia Chile S.A.

GICS

Electric Utilities (55101010)

Sector

Global Issuers, Structured Finance

Country

Chile

Region

Latin America

Format:

PDF

Summary: E-CL S.A. – 2013/07/23 – US$ 225.00

E-CL S.A. 'BBB-' Rating Affirmed; Outlook Stable – 2013/11/05 – US$ 150.00

Research Update: E-CL S.A. 'BBB-' Rating Affirmed; Outlook Stable – 2013/11/05 – US$ 225.00

Two Latin American Corporate Entities Placed On Watch Positive And Two On Watch Negative On Revised Criteria – 2013/11/26 – US$ 150.00

E-CL S.A. Upgraded To 'BBB' From 'BBB-' And Off Watch Positive On Revised Criteria; Outlook Stable – 2013/12/11 – US$ 150.00

Summary: E-CL S.A. – 2012/12/20 – US$ 225.00

Chile-Based Power Generator E-CL S.A. 'BBB-' Rating Affirmed; Outlook Stable – 2012/11/09 – US$ 150.00

Research Update: Chile-Based Power Generator E-CL S.A. 'BBB-' Rating Affirmed; Outlook Stable – 2012/11/09 – US$ 225.00

Summary: E-CL S.A. – 2012/02/16 – US$ 225.00

E-CL S.A. – 2011/08/31 – US$ 500.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "E-CL S.A." Dec 20, 2012. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/E-CL-S-A-1053247>

APA:	S&P Global Ratings’ Credit Research. (). E-CL S.A. Dec 20, 2012. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/E-CL-S-A-1053247>

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