Printer Friendly

Printed from http://www.researchandmarkets.com/reports/1807867

Summary: Proyectos de Energia S.A. de C.V. May 08

Description:

Abstract
The 'BBB+' foreign currency rating on Proyectos de Energia S.A. de C.V.'s $100 million 9.75% senior secured notes is based on the foreign currency rating on its investment-grade offtaker, Comision Federal De Electricidad (CFE) (FC: BBB+/Stable/--; LC: A-/Stable/--), the Mexican state-owned electricity company, as well as on a legal scheme that isolates the company from parent Siemens AG (AA-/Negative/A-1+). Proyectos de Energia also secures significant support from Siemens AG, which ensures there are sufficient funds to pay Mexican taxes and administrative expenses. Proyectos de Energia is a Mexican special-purpose entity integrated by two Mexican entities, Grupo Siemens S.A. de C.V. (90%) and Siemens S.A. de C.V. (10%), both owned by Siemens. Proyectos de Energia built 13 electrical energy substations, with...

Companies mentioned in this report are: Proyectos de Energia,Siemens AG,Comision Federal De Electricidad (CFE)
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.

Companies Mentioned

Proyectos de Energia,Siemens AG,Comision Federal De Electricidad (CFE)

Ordering:

Order Online - visit http://www.researchandmarkets.com/reports/1582661

Order by Fax - using the order form below

Order By Post - print the order form below and send to

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.

Page 1 of 2

Printed Friday, May 24, 2013
12:52:33 PM

Fax order form

To place a fax order simply print this form, fill in and fax the completed form to the number below. If you have any questions please email help@researchandmarkets.net

Order information

Please verify that the product information is correct and select the format you require.

Product name

Summary: Proyectos de Energia S.A. de C.V. May 08

Web Address

http://www.researchandmarkets.com/reports/1807867

Office Code

OC8DIQSNNVSSRS

Report Formats

Please enter the quantity of the report format you require.

Format	Quantity	Price
Electronic		EURO€ 135.00

Contact information

Please enter all the information below in block capitals.

                Title:
            
                    Mr
                    
                    Mrs
                    
                    Dr
                    
                    Miss
                    
                    Ms
                    
                    Prof
                    
                First Name:
            
                Last Name:
                
                Email Address:
            
                Job Title:
            
                Organisation:
            
                Address:
            
                City:
            
                Postal / Zip Code:	
            
                Country:	
            
                Phone Number:	
            
                Fax Number:

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Page 2 of 2

Printed Friday, May 24, 2013
12:52:33 PM

Payment information

Please indicate the payment method you would like to use by selecting the appropriate box.

Pay by Credit Card:

American Express

Diners Club

Master Card

Visa

Cardholder's Name:

Cardholder's Signature:

Expiry Date:

Card Number:

CVV Security Code:

Issue date:

(Diners Club only)

Pay by Check:

Please post the check, accompanied by this form, to:

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.

Pay by Wire Transfer:

Please transfer funds to:

Account Number:

83313083

Sort Code:

98-53-30

Swift Code:

ULSBIE2D

IBAN Number:

IE78ULSB98533083313083

Bank Address:

Ulster Bank,
27-35 Main Street
Blackrock,
Co. Dublin
Ireland.

If you have a Marketing Code please enter it below:

Marketing Code:

Please note that by ordering from Research and Markets you are agreeing to our Terms and Conditions at http://www.researchandmarkets.com/info/terms.asp

Printer Friendly

Summary: Proyectos de Energia S.A. de C.V. May 08

Fax order form

Order information

Product name

Web Address

Office Code

Report Formats

Contact information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Payment information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)