Fitch lifts Impsa's national scale rating to AA

Aug 12, 2011 - Fitch has upgraded to AA from AA- the national scale rating of Argentine engineering company Industrias Metalurgicas Pescarmona (Impsa), the latter said yesterday.
The rating reflects the positive development of Impsa's business in the long term, stimulated by its operations in Latin America and the sustained demand for hydroelectric and wind power generation equipment, Impsa said.
The rating considers also Impsa's significant portfolio of projects, which provides certainty with respect to fund generation in the mid-term.

Rating agency website: www.fitchratings.com

Choose your newsletter by Renewables Now. Join for free!