Luz del Sur, a subsidiary of Sempra International, has been named one of the "Top 20 Peruvian companies" according to a recent Standard & Poor's (S&P) report, which focuses on a selected group of entities that the agency considers to be among those with the best credit quality in the country.
“We feel very gratified with this distinction to Luz del Sur from Standard & Poor’s,” said Eduardo Pawluszek, vice president of South America for Sempra International. “Our Peruvian utility has a strong credit quality and is located in a country with very stable macroeconomic and regulatory policies.”
For the selection process, S&P, known worldwide as a leader of financial-market intelligence, identified those entities with good business risk profiles such as cash flow stability, conservative debt leverage, prudent financial policies, adequate liquidity, cost efficiency, management experience, prudent financial policies, good access to debt markets, among others.
In addition to Luz del Sur, the “Top 20 Peruvian companies” report includes other leading firms in the energy, mining and telecommunications sectors, as well as retailers.
More about Luz del Sur
Luz del Sur is an electric distribution utility that serves approximately 900,000 customers in the southern zone of metropolitan Lima, Peru and delivers approximately one-third of all power used in the country. [map]
Sempra International owns close to 80 percent of Luz del Sur, with the remaining shares of Luz del Sur held by institutional investors and the general public.