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'BB+' Ratings On Three AES Corp. Companies Affirmed; Outlook Stable Jul 05
Standard & Poors, July 2005
Abstract
NEW YORK (Standard & Poor's) July 18, 2005--Standard & Poor's Ratings Services said today that it affirmed its 'BB+' issuer credit ratings on Compa-ia de Alumbrado El-ctrico de San Salvador S.A. de C.V. (CAESS), Empresa El-ctrica de Oriente S.A. de C.V. (EEO), and Distribuidora El-ctrica de Usulut-n S.A. de C.V. (DEUSEM). Standard & Poor's also said that it affirmed its 'AAA' rating on CAESS's US$120 million wrapped fixed-rate notes, which are due in 2011. The outlook on all three companies is stable. All three entities are El Salvador-based electric distribution companies majority owned and controlled by AES Corp. (B+/Positive/--). The rating on the notes reflects the unconditional and irrevocable guarantee of full payment on principal and interest as scheduled, provided...
Companies mentioned in this report are: Compania de Alumbrado Electrico de San Salvador, S.A. de C.V.,MBIA Insurance Corp.,AES Corp. (The),Empresa Electrica de Oriente, S.A. de C.V.,Distribuidora Electrica de Usulutan, S.A. de C.V.
Action: Affirmed
Action: New Rating
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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