Enel Chile is one of the leading players in the Chilean electricity market and has low leverage. We're affirming our 'BBB+' corporate credit ratings on Enel Chile and its core subsidiary, Enel Generacion Chile. The stable outlook reflects our expectation that Enel Chile will continue to post a debt-to-EBITDA ratio below 1.5x in 2017 and 2018. On July 31, 2017, S&P Global Ratings affirmed its 'BBB+' corporate credit rating on Enel Chile S.A. (Enel Chile). We also affirmed the 'BBB+' corporate credit rating on Enel Generacion Chile S.A. (Enel Generacion Chile). The outlook remains stable. Our rating on Enel Chiles reflects its leading position in Chile's electric sector and our expectation that the company will maintain low leverage. Enel Chile
