General Announcement::MOODYS AFFIRMS IENOVAS CREDIT RATING

Issuer & Securities

Issuer/ Manager
INFRAESTRUCTURA ENERGETICA NOVA, S.A.B. DE C.V.
Securities
INFRAESTRUS$540M4.875%N480114A - US456829AB67 - 8DTB
INFRAESTRUS$540M4.875%N480114R - USP56145AB40 - 8DUB
INFRAESTR US$300M3.75%N280114A - US456829AA84 - 8DWB
INFRAESTR US$300M3.75%N280114R - USP56145AA66 - 8DXB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-Jun-2019 04:11:29
Status
New
Announcement Sub Title
MOODYS AFFIRMS IENOVAS CREDIT RATING
Announcement Reference
SG190608OTHR0HOV
Submitted By (Co./ Ind. Name)
RODRIGO CORTINA CORTINA
Designation
CORPORATE LEGAL DIRECTOR
Effective Date and Time of the event
07/06/2019 17:00:00
Description (Please provide a detailed description of the event in the box below)
MOODY S AFFIRMS IENOVA S CREDIT RATING;
CHANGES OUTLOOK

Mexico City, June 7, 2019 Infraestructura Energetica Nova, S.A.B. de C.V., (IEnova), a Mexican company committed with the long-term sustainable development of the country, announces today that Moodys affirmed IEnova s global scale corporate credit rating of Baa1 and the Mexican National Scale corporate rating of Aa1.mx, and revised its outlook from stable to negative.
Moodys affirms IEnovas credit ratings due to its stable cash-flows with dollar-denominated, long-term contracts, its solid balance sheet capacity to meet its debt obligations and fund additional investments, as well as its growing diversification of asset and customer base.
The change in outlook follows the recent actions on the ratings and outlooks of the Comision Federal de Electricidad CFE (Baa1/Aa1.mx negative), Petroleos Mexicanos Pemex (Baa3/Aa3.mx negative) and Centro Nacional de Control del Gas Natural CENAGAS (Baa2/Aa2.mx negative).
IEnova confirms its commitment to maintain a healthy balance sheet, which allows the continued development of energy infrastructure that contributes to the growth of the country, while remaining disciplined in the execution of the projects, said Tania Ortiz Mena, CEO.

Attachments

Relevant Event New Credit Ratings 2019 v2.pdf
Total size =145K