Fitch Publishes Latin American Utilities Dashboard

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has published its new Latin American Utilities Dashboard. The publication explores key themes affecting the credit profiles of the region's rated utilities issuers. Items covered in the report include: regulatory regimes in the region, cash flow generation expectations, liquidity strength and overall indebtedness, and hydrology levels in Brazil.

In general, capital expenditure programs for power companies appear to be manageable given solid free cash flow generation and strong liquidity expectations for regional utility companies. Fitch's ratings for Latin American utilities have a built-in expectation of stability for the rest of 2015. Any upgrades or downgrades over the next six months will result from changes in the capital structure of each individual company and, to a lesser extent, from general sector trends. Although a shift from a Stable Outlook for the industry is unlikely, increasing government intervention, coupled with slower-than-expected GDP growth, could result in a Negative Outlook. Positively, these factors are mitigated by moderate hydrocarbon prices for the year.

A complete review of these topics including a review of the dashboard is available at www.fitchratings.com or by clicking the link above.

Additional information is available at 'www.fitchratings.com'.

Latin American Utilities Dashboard

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=867069

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150608006590/en/

Fitch Ratings
Xavier Olave, +1-212-612-7895
Associate Director
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Lucas Aristizabal, +1-312-368-3260
Senior Director
or
Media Relations
Alyssa Castelli, +1 212-908-0540 (New York)
[email protected]
or
Elizabeth Fogerty, +1 212-908-0526 (New York)
[email protected]

Source: Fitch Ratings

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