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AES Corp. (The) Apr 06
Standard & Poors, April 2006
Abstract
Diversified cash flow sources; Stable base of contract generation and regulated utility businesses; History of strong operations; and Increasing credit focus on the part of management. Considerable cash flow expected from developing economies, High consolidated debt leverage, and Limited financial flexibility. On March 29, 2006, Standard & Poor's Ratings Services raised its corporate credit rating on diversified energy company The AES Corp. to 'BB-' from 'B+'. The outlook is stable. At the same time, Standard & Poor's raised its ratings on AES' secured second-lien bonds to 'BB-' from 'B+', AES' senior unsecured notes to 'B' from 'B-', and AES' Trust III and AES Trust VII trust preferred securities to 'B-' from 'CCC+'. As of Dec. 31, 2005, the Arlington, Va.-based...
Companies mentioned in this report are: AES Corp. (The),Indianapolis Power & Light Co.,IPALCO Enterprises Inc.,AES Shady Point, LLC,AES Hawaii, Inc.,AES Gener S.A.,AES China Generating Co. Ltd.,C.A. La Electricidad De Caracas ,AES Eastern Energy L.P.,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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