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AES, CILCORP & Unit Ratings on Watch Pos; IPALCO Enterprises Ratings on Watch Neg Jul 00
Standard & Poors, July 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) July 17, 2000--Standard & Poor's today placed 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 on CreditWatch with positive implications (see list below). In addition, Standard & Poor's placed its ratings on AES subsidiary CILCORP Inc. and its unit Central Illinois Light Co. on CreditWatch with positive implications (see list). AES has about $2.4 billion of rated long-term debt and preferred stock outstanding at the corporate level. At the same time, Standard & Poor's placed its ratings on IPALCO Enterprises Inc. and its affiliate Indianapolis Power & Light Co. (IPL) on CreditWatch...
Companies mentioned in this report are: IPALCO Enterprises Inc.,Central Illinois Light Co.,Indianapolis Power & Light Co.,CILCORP Inc.,AES Corp. (The)
Action: On CreditWatch:Various
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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