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Fitch Affirms Empresas Publicas de Medellin E.S.P.'s IDRs; Outlook Stable.

Publication: Business Wire
Publication Date: 29-SEP-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO -- Fitch Ratings has affirmed Empresas Publicas de Medellin E.S.P.'s (EPM) foreign and local currency Issuer Default Ratings (IDRs) at 'BB+' and 'BBB-', respectively. The Rating Outlook is Stable.

EPM's ratings reflect the company's leading and strong market position as Medellin's metropolitan area utility services provider. The ratings also reflect the company's solid financial profile and its aggressive growth strategy, both, inside the country and abroad. EPM's ratings also incorporate the company's exposure to regulatory changes and political interference. EPM is a publicly owned company that has...

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