AES Corp. Remains on CreditWatch Negative Oct 01
- ID: 1787599
- October 2001
- Standard & Poors
NEW YORK (Standard & Poor's) Oct. 30, 2001--Standard & Poor's said today that the ratings on AES Corp. (double-'B') and certain subsidiaries, including IPALCO Enterprises Inc. (triple-'B') and its affiliate Indianapolis Power & Light Co.. (triple-'B'), as well as the local currency and national scale ratings of Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. (Eletropaulo; double-'B') remain on CreditWatch with negative implications. They were placed on CreditWatch on Aug. 30, 2001, following AES' announcement that it had launched an unsolicited tender offer for 43.2% of the outstanding shares of CANTV, Venezuela's only full-service telecommunications company. A successful tender would give AES control of the company when combined with the 6.9% shares held by Electricidad de Caracas (EDC). Standard & Poor's...
Companies mentioned in this report are:
- The AES Corp.
- Indianapolis Power & Light Co.
- IPALCO Enterprises Inc.
- Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.
Action: CreditWatch Update
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Research type: News
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