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AES Gener S.A. Jun 10
Standard & Poors, June 2010
Abstract
Solid investments in Chile; Favorable regulatory framework; Reliable power supply source in the largely hydro Chilean Central Interconnected System (SIC); Relatively large power sale contracts with solid offtakers; AES Chivor's good financial performance; and Low debt maturities until 2014. Relatively high-cost generator in the SIC, which is partly offset by relatively large power sale contracts with solid offtakers; Severe natural gas supply shortages in Chile, combined with a below-average hydrology in the SIC, result in highly volatile power generation cost and high cost of its power purchases; Aggressive business expansion plan in Chile; and Exposure to pricing volatility and droughts in Colombia. The ratings on Chile-based power generation company AES Gener S.A. (Gener) reflect its good market position as a...
Companies mentioned in this report are: AES Gener S.A.,Indianapolis Power & Light Co.,IPALCO Enterprises Inc.,AES Corp. (The),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.,AES Dominicana Energia Finance S.A.
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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