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AES Corp. and Certain Subsidiaries Removed From CreditWatch Nov 01
Standard & Poors, Nov 2001
Abstract
NEW YORK (Standard & Poor's) Nov. 7, 2001--Standard & Poor's today removed its double-'B' corporate credit and senior unsecured debt ratings on The AES Corp., its single-'B'-plus rating on AES' subordinated debt, and its single-'B' rating on the company's trust preferred securities from CreditWatch with negative implications. Standard & Poor's also removed from CreditWatch with negative implications its ratings on certain AES subsidiaries whose ratings are linked to AES. These include IPALCO Enterprises Inc. and its affiliate, Indianapolis Power & Light Co. (IPL), and the local currency and national scale ratings of Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. (Eletropaulo). The outlook on all AES, IPALCO, and IPL ratings is stable. The outlook on all Eletropaulo ratings is negative, reflecting...
Companies mentioned in this report are: AES Corp. (The),Indianapolis Power & Light Co.,IPALCO Enterprises Inc.,Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.
Action: Affirmed, Off CreditWatch
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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