Fitch Ups Itabo to B,

Fitch has upgraded Dominican utility Empresa Generadora de Electricidad Itabo (Itabo) to B from B-, while also revising the outlook to positive. The agency cites the recent ratings revision for the sovereign and the positive impact of policy changes. “Over the past year, the Dominican Republic government has implemented changes aimed at strengthening the operational and financial viability of the electricity sector in the country,” it says.