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AES Dominicana Energia Finance S.A. Aug 09
Standard & Poors, Aug 2009
Abstract
Strengths: Diversified portfolio of U.S. dollar-denominated long-term energy sales contracts Controls the only liquefied natural gas (LNG) import point in the Dominican Republic and has other natural gas businesses Power-purchase agreements (PPAs) with nonregulated customers Its parent, AES Corp., is a strong power plant operator Association with an inefficient and highly subsidized distribution sector, with uncertain long-term operational and financial sustainability Low average collections from distributors Weak regulatory framework in the Dominican Republic The electricity sector's dependence on a developing and externally affected Dominican economy Standard & Poor's Ratings Services' ratings on AES Dominicana Energia Finance S.A. reflect the challenges of operating in the Dominican Republic's electricity industry, which has an inefficient and highly subsidized distribution sector with uncertain long-term...
Companies mentioned in this report are: Indianapolis Power & Light Co.,IPALCO Enterprises Inc.,AES Corp. (The),AES Gener S.A.,AES China Generating Co. Ltd.,C.A. La Electricidad De Caracas ,AES Eastern Energy L.P.,AES Ironwood LLC,AES Red Oak LLC,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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