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Summary: IPALCO Enterprises Inc. Product Image

Summary: IPALCO Enterprises Inc.

  • ID: 1787827
  • May 2004
  • Standard & Poors

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  • IPALCO Enterprises Inc.
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Abstract
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.
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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

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IPALCO Enterprises Inc.

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Note: Product cover images may vary from those shown

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