Fitch: AES Clesa up to stable

Fitch Ratings said it affirmed the local and foreign currency corporate ratings and Zurich political risk insured notes rating of AES Clesa y Compania, S en C de CV at BB+ and revised the outlook to stable from negative.

The outlook revision follows the sovereign outlook revision to stable from negative, which had previously constrained the ratings of AES Clesa.

Fitch said AES Clesa's ratings are based on its low business risk profile, efficient operations, stable cash flow generation and constructive regulatory environment.

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