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Bogota will maintain a strong operating performance and manageable debt levels in Fitch's view. The district is well positioned to overcome the current global and national adverse economic scenario, says the ratings agency

“ISA's credit metrics reflect solid cash flow generation, moderate debt levels and adequate liquidity,” stated Fitch.

The $600 million USD of unsecured notes will be used to repay a senior bridge loan due next year on January 11.

Fitch highlighted Isagen's improving leverage position and "adequate" liquidity levels "supported by a healthy cash balance" and "manageable debt structure profile."

"Banagrario's business model is consistent with its key role for the development of the government's agricultural policy,” stated Fitch Ratings.