BUENOS AIRES (Standard&Poor's) Nov. 7, 2002--Standard&Poor's Ratings Services today raised its local and foreign corporate credit ratings on Chilean electricity provider Empresa Eléctrica del Norte Grande S.A (Edelnor) to double-'C' from 'D', following the termination of the Chapter 11 reorganization process. The ratings were also placed on CreditWatch with positive implications. The termination of the plan of reorganization, that replaced unsecured bank debt due in 2005 and 2006 for US$217 million new debt certificates due in 2017 and a US$46 million shareholder loan, implied a US$58 million reduction of Edelnor's debt to US$282 million and a significant extension on the duration of its financial obligations. In addition, as required by the reorganization plan, on Nov. 5,
