Standard & Poor’s raised the outlook of the EEB’s credit rating and its subsidiary companies from “negative” to “stable” and maintained...
30 September 2016
- Agency Standard & Poor’s raised the outlook from “negative” to “stable” and maintained its credit rating of Empresa de Energia de Bogota at investment grade.
- In addition, Standard & Poor’s raised the outlook from negative to stable of its main subsidiary companies, TGI and Calidda and ratified its credit rating.
Bogota D.C., September 30, 2016. Agency Standard and Poor’s (S&P) improved the outlook of EEB’s credit rating and that of its main subsidiary companies, Transportadora de Gas Internacional S.A. E.S.P. (TGI) and Gas Natural de Lima, from “negative” to “stable” and affirmed its credit rating (BBB-) on their corporate debt; note that corresponds to investment grade.
According to S&P, EEB’s financial performance has been strong in relation to corresponding expectations to a normalized flow of dividends, debt reduction and a stronger Colombian peso.
About the Grupo Energia Bogota
The Grupo Energia de Bogota is one of the leading groups in the low-emission energy chain in the region. As a Corporate Group, it generates value for its shareholders and stakeholders through the sustainable and profitable management of its business throughout the energy chain, both in the generation, transmission, distribution and commercialization of electricity, as well as the transport and distribution of natural gas.
The Group contributes to the development of the countries where it operates, and leads projects that make
an impact on productivity and competitiveness and improve the welfare and quality of life of the users.
Luis Miguel Gómez Henao
External Communications Advisor