Research Update: ISAGEN, S.A. E.S.P. Rating Raised To 'BBB' From 'BBB-' Following Similar Action On Parent; Outlook Now Negative - S&P Global Ratings’ Credit Research

Research Update: ISAGEN, S.A. E.S.P. Rating Raised To 'BBB' From 'BBB-' Following Similar Action On Parent; Outlook Now Negative

Research Update: ISAGEN, S.A. E.S.P. Rating Raised To 'BBB' From 'BBB-' Following Similar Action On Parent; Outlook Now Negative - S&P Global Ratings’ Credit Research
Research Update: ISAGEN, S.A. E.S.P. Rating Raised To 'BBB' From 'BBB-' Following Similar Action On Parent; Outlook Now Negative
Published Aug 16, 2017
5 pages (1512 words) — Published Aug 16, 2017
Price US$ 225.00  |  Buy this Report Now

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Abstract:

On Aug. 16, 2017, we raised ISAGEN's controlling shareholder Brookfield Renewable Partners L.P. long-term corporate credit rating to 'BBB+' from 'BBB', reflecting our view of potential financial support from its parent, Brookfield Asset Management Inc. Consequently, we're raising ISAGEN's corporate credit rating to 'BBB' from 'BBB-'. The outlook is now negative, mirroring that of Colombia. On Aug. 16, 2017, S&P Global Ratings raised the long-term corporate credit rating on ISAGEN, S.A. E.S.P. (ISAGEN) to 'BBB' from 'BBB-'. The outlook is negative. Our upgrade of ISAGEN reflects the similar action on its controlling parent, Brookfield Renewable Partners L.P., and our understanding that ISAGEN remains a moderately strategic subsidiary of its ultimate parent. Considering that ISAGEN, a Colombia-based power generation company, represents

  
Brief Excerpt:

...On Aug. 16, 2017, we raised ISAGEN's controlling shareholder Brookfield Renewable Partners L.P. long-term corporate credit rating to '###+' from '###', reflecting our view of potential financial support from its parent, Brookfield Asset Management Inc....

  
Report Type:

Research Update

Issuer
GICS
Electric Utilities (55101010)
Sector
Global Issuers, Structured Finance
Country
Region
Latin America
Format:
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: ISAGEN, S.A. E.S.P. Rating Raised To 'BBB' From 'BBB-' Following Similar Action On Parent; Outlook Now Negative" Aug 16, 2017. Alacra Store. Apr 30, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ISAGEN-S-A-E-S-P-Rating-Raised-To-BBB-From-BBB-Following-Similar-Action-On-Parent-Outlook-Now-Negative-1901881>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: ISAGEN, S.A. E.S.P. Rating Raised To 'BBB' From 'BBB-' Following Similar Action On Parent; Outlook Now Negative Aug 16, 2017. New York, NY: Alacra Store. Retrieved Apr 30, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-ISAGEN-S-A-E-S-P-Rating-Raised-To-BBB-From-BBB-Following-Similar-Action-On-Parent-Outlook-Now-Negative-1901881>
  
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