TEXT-Fitch affirms Enel Fortuna at 'BBB'
May 4 - Fitch Ratings has affirmed Enel Fortuna's foreign and local currency Issuer Default Ratings (IDRs) at 'BBB'. The rating action applies to approximately USD48 million of notes outstanding due in 2013. The Rating Outlook is Stable. The ratings reflect Enel Fortuna's strong credit metrics, which are characterized by low leverage, healthy interest coverage and stable cash flow generation. The company's rating profile is bolstered by its favorable contracted position, its competitive dispa
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