Home Credit Ratings and Research S&P Global Ratings’ Credit Research ISAGEN, S.A. E.S.P.

Research Update: ISAGEN 'BBB-' Rating Affirmed On Expected Recovery In Performance; Outlook Stable

Published Jul 21, 2017

7 pages (2367 words) — Published Jul 21, 2017

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

After weaker performance in 2016 due to the combined effect of the poor hydrology caused by the El Niño phenomenon and the accident at the Guatape Plant (EPM), we expect ISAGEN's operational and financial performance to recover in 2017. We're affirming our 'BBB-' corporate credit rating on Colombia-based power generation company ISAGEN. The outlook remains stable, reflecting our expectation that the company's funds from operations (FFO) to debt will remain around 20%, with debt to EBITDA of 3.0x in the next two years. On July 21, 2017, S&P Global Ratings affirmed its 'BBB-' corporate credit rating on ISAGEN, S.A. E.S.P. The outlook remains stable. The rating affirmation reflects our expectation of a 14,485 gigawatt hour(GWh) energy generation in 2017 that

Brief Excerpt:

...After weaker performance in 2016 due to the combined effect of the poor hydrology caused by the El Ni±o phenomenon and the accident at the Guatape Plant (EPM), we expect ISAGEN's operational and financial performance to recover in 2017....

Report Type:

Research Update

Issuer

ISAGEN, S.A. E.S.P.

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

Colombia

Region

Latin America

Format:

PDF

Research Update: ISAGEN, S.A. E.S.P. Rating Raised To 'BBB' From 'BBB-' Following Similar Action On Parent; Outlook Now Negative – 2017/08/16 – US$ 225.00

Research Update: ISAGEN, S.A. E.S.P. 'BBB-' Credit Rating Affirmed, Outlook Remains Stable – 2018/05/25 – US$ 225.00

ISAGEN, S.A. E.S.P. – 2019/07/16 – US$ 500.00

ISAGEN, S.A. E.S.P. – 2020/06/05 – US$ 500.00

Isagen S.A. E.S.P. – 2021/05/07 – US$ 500.00

Research Update: ISAGEN, S.A. E.S.P. 'BBB-' Ratings Affirmed; Outlook Stable – 2016/07/21 – US$ 225.00

Research Update: ISAGEN, S.A. E.S.P. 'BBB-' Credit Rating Affirmed, Outlook Remains Stable – 2015/07/22 – US$ 225.00

ISAGEN, S.A. E.S.P. 'BBB-' Rating Affirmed; Outlook Remains Stable – 2014/08/06 – US$ 150.00

Research Update: ISAGEN, S.A. E.S.P. 'BBB-' Rating Affirmed; Outlook Remains Stable – 2014/08/06 – US$ 225.00

Summary: ISAGEN, S.A. E.S.P. – 2014/05/12 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: ISAGEN 'BBB-' Rating Affirmed On Expected Recovery In Performance; Outlook Stable" Jul 21, 2017. Alacra Store. Apr 30, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ISAGEN-BBB-Rating-Affirmed-On-Expected-Recovery-In-Performance-Outlook-Stable-1888019>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: ISAGEN 'BBB-' Rating Affirmed On Expected Recovery In Performance; Outlook Stable Jul 21, 2017. New York, NY: Alacra Store. Retrieved Apr 30, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ISAGEN-BBB-Rating-Affirmed-On-Expected-Recovery-In-Performance-Outlook-Stable-1888019>

US$ 225.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.