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Fitch Affirms Inkia Energy Ltd's IDR at 'BB'; Rating Outlook Negative

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the local and foreign currency Issuer Default Ratings (IDR) of Inkia Energy Ltd (Inkia) at 'BB' and maintained the Negative Outlook. The rating action includes the affirmation of the company's international bonds outstanding totalling USD450 million due 2023. Inkia's Negative Outlook reflects Fitch's concerns that the company could distribute significant dividends and other cash payments to its shareholder before its various expansion projec

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