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BULLETIN: IPALCO's 10-Q Filing Delay Does Not Affect Rating Aug 05
Standard & Poors, Aug 2005
Abstract
NEW YORK (Standard & Poor's) Aug. 17, 2005--Standard & Poor's Ratings Services said today that IPALCO Enterprises Inc.'s (BB+/Stable/--) announcement that it is delaying the filing of its Form 10-Q for the period ended June 30, 2005, does not affect the rating on the company. IPALCO, a subsidiary of The AES Corp. (B+/Positive/--), is in the process of finalizing a study of its deferred income tax balances and related regulatory assets. As a result of the study, the company believes that the amounts it has currently recorded for those items are understated. Any future restatements to the balance sheet are likely to be relatively small and hence credit neutral. Moreover, the ratings on IPALCO are heavily influenced by the credit...
Companies mentioned in this report are: IPALCO Enterprises Inc.,AES Corp. (The)
Action: Bulletin
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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