Home Credit Ratings and Research S&P Global Ratings’ Credit Research Engie Energia Chile S. A.

Research Update: E-CL S.A. Upgraded To 'BBB' From 'BBB-' And Off Watch Positive On Revised Criteria; Outlook Stable

Published Dec 11, 2013

About This Report

Abstract:

Standard&Poor's Ratings Services published its revised Corporate ratings criteria on Nov. 19, 2013. We believe that Chile-based power generator E-CL is a "moderately strategic" subsidiary for its indirect parent, GDF SUEZ S.A. We are upgrading E-CL to 'BBB' from 'BBB-' and removing all ratings from CreditWatch, where we placed them with positive implications on Nov. 26, 2013, as a result of the new criteria. The stable outlook is based on our expectation that E-CL's total debt to EBITDA will stay below 3.0x even with significant investments. On Dec. 11, 2013, Standard&Poor's Ratings Services raised its ratings on S.A., including the corporate credit rating to 'BBB' from 'BBB-'. We removed all ratings from CreditWatch, where we placed

Report Type:

Research Update

Ticker

ECL@CI

Issuer

Engie Energia Chile S. A.

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

Chile

Region

Latin America

Format:

HTML

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Research Update: E-CL S.A. 'BBB' Ratings Affirmed; Outlook Remains Stable – 2014/10/10 – US$ 225.00

E-CL S.A.'s Proposed $350 Million 10-Year Senior Unsecured Notes Rated 'BBB' – 2014/10/14 – US$ 150.00

E-CL 'BBB' Ratings Affirmed Despite Revision Of Its Financial Risk Profile To "Significant" From "Intermediate" – 2015/11/04 – US$ 150.00

Research Update: E-CL 'BBB' Ratings Affirmed Despite Revision Of Its Financial Risk Profile To "Significant" From "Intermediate" – 2015/11/04 – US$ 225.00

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

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. '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

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

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: E-CL S.A. Upgraded To 'BBB' From 'BBB-' And Off Watch Positive On Revised Criteria; Outlook Stable" Dec 11, 2013. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-E-CL-S-A-Upgraded-To-BBB-From-BBB-And-Off-Watch-Positive-On-Revised-Criteria-Outlook-Stable-1226620>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: E-CL S.A. Upgraded To 'BBB' From 'BBB-' And Off Watch Positive On Revised Criteria; Outlook Stable Dec 11, 2013. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-E-CL-S-A-Upgraded-To-BBB-From-BBB-And-Off-Watch-Positive-On-Revised-Criteria-Outlook-Stable-1226620>

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