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BULLETIN: IPALCO Enterprises' 10-Q Filing Delay Is Credit Neutral Nov 05
Standard & Poors, Nov 2005
Abstract
NEW YORK (Standard & Poor's) Nov. 17, 2005--Standard & Poor's Ratings Services said today that IPALCO Enterprises Inc.'s (BB+/Stable/--) announcement that it is delaying its Form 10-Q filing for the period ended Sept. 30, 2005, does not affect the rating or outlook on the company. IPALCO, a subsidiary of The AES Corp. (B+/Positive/--), is in the process of reviewing its regulatory assets related to deferred taxes. Any future restatements to the balance sheet are likely to be relatively small and, therefore, credit neutral. Moreover, the ratings on IPALCO are heavily influenced by the credit quality of its much weaker parent, AES, and currently cannot currently be higher than 'BB+'....
Companies mentioned in this report are: IPALCO Enterprises Inc.,AES Corp. (The)
Action: Bulletin
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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