- Language: English
- Published: December 2011
Summary: IPALCO Enterprises Inc.
- ID: 1787827
- May 2004
- Standard & Poors
The ratings on IPALCO Enterprises Inc., the parent of Indianapolis Power & Light Co. (IPL), reflect the company's linkage to The AES Corp. IPALCO was acquired by AES in early 2001. AES is a global power company that owns assets throughout the world. Standard & Poor's ratings of individual entities in AES are a function of AES, whose consolidated financial profile is significantly weaker than that of IPALCO and IPL. In most circumstances, Standard & Poor's will not rate the debt of a wholly owned subsidiary higher than the rating on the parent. Exceptions can be made, and were in this case, on the basis of the cumulative value provided by enhancements, such as structural protections, covenants, a pledge of...
Companies mentioned in this report are: IPALCO Enterprises Inc.
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