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AES Rtgs Remain on Watch Pos; IPALCO Rtgs Lowered, on Watch Pos; CILCORP on Watch Dev Mar 01
Standard & Poors, March 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) March 27, 2001--Standard & Poor's double-'B' corporate credit and senior unsecured debt ratings on The AES Corp. (AES), single-'B'-plus rating on AES' subordinated debt, and single-'B' rating on the company's trust preferred securities remain on CreditWatch with positive implications pending further review and information from the company following AES' acquisition of IPALCO Enterprises Inc. (IPALCO). Standard & Poor's expects to address the CreditWatch status in the next two weeks. Also, Standard & Poor's lowered its corporate credit ratings on IPALCO to triple-'B' from single-'A'-plus, and IPALCO's subsidiary, Indianapolis Power & Light Co. (IPL), to triple-'B' from double-'A'-minus, and revised the CreditWatch implications to positive from negative. The CreditWatch with positive implications mirrors AES. (See...
Companies mentioned in this report are: AES Corp. (The),Central Illinois Light Co.,Indianapolis Power & Light Co.,CILCORP Inc.,IPALCO Enterprises Inc.
Action: Various Rating Actions
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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