|
|
 |
|
Viewing report
|
|
|
|
AES Corp. Outlook Changed to Stable; Ratings Affirmed Feb 04
Standard & Poors, Feb 2004
Abstract
NEW YORK (Standard & Poor's) Feb. 5, 2004--Standard & Poor's Ratings Services said today that it changed its outlook on The AES Corp. to stable from negative. At the same time Standard & Poor's affirmed its 'B+' corporate credit rating on AES, its 'BB' rating on AES' senior secured exchange notes, its 'B-' rating on AES' senior unsecured and subordinated debt, and its 'CCC+' rating on AES' preferred stock. 'The outlook revision reflects AES' success in addressing several of Standard & Poor's credit concerns over the past year, including execution of its asset sale program and related debt reduction, strengthening liquidity, reduction of near-term maturities, restructuring of its Brazilian businesses, and renewed access to the capital markets,' said credit analyst...
Companies mentioned in this report are: AES Corp. (The),Indianapolis Power & Light Co.,IPALCO Enterprises Inc.
Action: Affirmed
Action: Outlook: Stable
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.
|
|
|
|
