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AES Corp. Remains on CreditWatch Negative Oct 01
Standard & Poors, Oct 2001
Abstract
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: AES Corp. (The),Indianapolis Power & Light Co.,IPALCO Enterprises Inc.,Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.
Action: CreditWatch Update
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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