2008-06-27 23:55:15 -

- Fitch has today downgraded the ratings of Chilquinta's Energia Finance CO. LLC's US$200 million due 2011 wrapped by MBIA to their underlying ratings ('BBB-') following Fitch's withdrawal of MBIA's 'AA' Insurer Financial Strength ratings and its other related entities. The Outlook for Chilquinta's ratings is Stable.

Fitch's rating definitions and the terms of use of such ratings are

available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Fitch Ratings
Giovanny Grosso, +011-562-499-3327 (Santiago, Chile)
Daniel Kastholm, +1-312-368-2070 (Chicago)
Christopher Kimble, +1-212-908-0226
(Media Relations, New York)