Chile’s Essbío continues to leverage up
- From: Vol 7, Issue 11 (November 2006)
- Category: General
- Region: Americas
- Country: Chile
- Related Companies: BBVA, BSCH, Essbio, Fitch and Southern Cross
Southern Cross wants to add more debt to Essbío’s balance sheet. The utility still has plenty of room to borrow, so why not?
Chilean water utility Essbío has been leveraging up steadily since 2002, and controlling shareholder Southern Cross now plans to add more debt to the company’s balance sheet. Essbío still has plenty of capacity to borrow, given that its debt/EBITDA ratio stood at 3.34x as of September. The new bond issues will not only serve to ...
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