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C.A. La Electricidad De Caracas Nov 06
Standard & Poors, Nov 2006
Abstract
Operations in Venezuela, which exerts currency control through the Comision de Administracion de Divisas (a federal body established in February 2003 to control the country's currency balances), An incomplete and untested regulatory regime, Reliance on a single natural gas and fuel oil supplier, Petroleos de Venezuela S.A., to meet the fuel needs of its generation assets, and High exposure to foreign-currency-denominated debt. De facto monopoly operations in its service area, High coverage ratios and moderate leverage for its rating category, The most efficient operations among electric utilities in Venezuela, and The group's integration and synergy among its distribution, generation, and commercialization operations. The ratings on C.A. La Electricidad de Caracas (EDC) and its related entities are constrained by an incomplete...
Companies mentioned in this report are: C.A. La Electricidad De Caracas ,Indianapolis Power & Light Co.,IPALCO Enterprises Inc.,AES Corp. (The),AES Gener S.A.,AES China Generating Co. Ltd.,AES Sul Distribuidora Gaucha de Energia S.A.,AES CHIVOR & CIA S.C.A. E.S.P.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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