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AES Corp. (The) Feb 11
Standard & Poors, Feb 2011
Abstract
The reliance on substantive distributions from jurisdictions with considerable regulatory and operating uncertainties; The company's growth strategy heavily depends on smoothly working credit markets. While markets have rebounded, there are lingering concerns of potential economic slowdowns in major emerging economies such as China, Brazil, Chile, and Eastern Europe, Political uncertainty in many regions of operations; Exposure to merchant power markets; Large growth expenditure requirements; and Aggressive financial policies. The benefits of regional and operational diversification; China Investment Corp.'s investment, which we view as affirmation of the company's growth strategy and philosophy. A reduction of parent-level leverage and restructuring of holding company debt at some project companies; and A history of strong operations at its generation and distribution businesses. The ratings...
Companies mentioned in this report are: AES Corp. (The),Indianapolis Power & Light Co.,IPALCO Enterprises Inc.,AES Gener S.A.,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.
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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