NY -- Standard&Poor's CreditWire 3/22/96 -- Standard&Poor's affirms its triple-`B' rating on Edelnor S.A.'s $250 million senior loan participation certificates due 2006. The rating affirmation is connected with Edelnor's recent announcement of extraordinary charges, stemming from higher-than-anticipated spot power purchases in 1995. These were, in turn, caused by the late startup of Mejillones I. Standard&Poor's anticipates that this will also impact on first quarter 1996 results, but will not lower available cash flow materially. Edelnor expects to make up for first quarter 1996 shortfall with better-than-anticipated operating performance in the remainder of the year. Also, evidencing strong shareholder support, its parent, Southern Electric International (SEI), will make a cash contribution, either in the form
