RIO DE JANEIRO, BRAZIL - The majority (80%) of utilities rated by Fitch have little exposure to spot market prices, so high oil and gas prices are unlikely to have a significant impact on their cash flow, according to a report by the agency.
However, there are some countries in the region that could be more affected than others.
It should be recalled that amid geopolitical tensions triggered by the West's sanctions against Russia, oil and gas prices have risen, and so have energy prices.
According to Fitch, utilities operating in Chile and Mexico have been hardest hit by high . . .
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