The Panamanian electricity distribution company ENSA has strengthened its position in the country's energy sector by obtaining the highest national credit rating AAA.pa from Moody’s Local Panamá with a stable outlook. This recognition is the top position on the national scale and marks a milestone for the company in its role as a regulated entity. The Vice President of Finance of ENSA, Arie Cartagena Hernández, explained that this rating is the key that allows the organization to access capital on better terms, ensuring the sustainability of the investments that the electrical system demands. The rating also benefits from the essential nature of the electricity service and the high barriers to entry in its area of operation. In the area of national commitment, it was reported that in the last 15 years the company has executed an investment plan of over 1,160 million dollars aimed at modernizing the electrical grid. Cartagena Hernández highlighted that the achievement has the clear purpose of securing the necessary resources to maintain a safe and continuous service, focused on the well-being of the residents in its coverage area. The evaluation also highlights the stability and predictability of the company's revenues under the current regulatory and tariff framework. In financial terms, the rating agency highlighted that the distributor maintains moderate debt levels, a solid balance sheet structure, and extensive EBITDA coverage. Moody’s Local Panamá awards ENSA an AAA issuer rating for financial strength • The financial strength and efficient debt management allow the company to secure resources to strengthen the reliability of the electricity service. According to Moody's report, the recognition is based on a robust business profile, backed by the exclusive right to operate the network in its concession area and a solid market position. For service users, this financial excellence serves as a guarantee of continuity. Likewise, since the beginning of its operations in 1999, the company has contributed more than 321 million dollars in dividends to the Panamanian State, reaffirming its ability to meet long-term commitments.
