Isagen Gets Baa3

Moody’s has given a Baa3 to Colombia’s Isagen in a first-time rating of the government-controlled power company, the agency says. The rating is supported by the 57.66% majority ownership from the government, as well as its position as largest wholesale power generation company in Colombia in terms of installed capacity. The agency also factors in construction risk associated with Isagen’s generation projects. The outlook is stable.