The company recently announced that it will prepay $187 million financial debt (under its novation loan agreement), mainly with cash holdings and $50 million in short-term bank lines. We are placing Edelnor's 'BB-' ratings on CreditWatch with positive implications pending our evaluation of the impact of the announcement and the company's investment plans and financial policy. We expect to resolve the CreditWatch listing within the next 90 days. On June 2, 2009, Standard&Poor's Ratings Services placed its ratings, including its 'BB-' corporate credit rating, on Empresa Eléctrica del Norte Grande S.A. (Edelnor) on CreditWatch with positive implications. The CreditWatch follows Edelnor's recent announcement that it will prepay its outstanding financial debt, mainly with its own cash holdings and,
