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AES Ironwood LLC Bond Outlook Changed To Stable Jul 04
Standard & Poors, July 2004
Abstract
NEW YORK (Standard & Poor's) July 30, 2004--Standard & Poor's Ratings Services today changed the outlook on AES Ironwood LLC's $308.5 million senior secured bonds (currently $298.6 million outstanding) to stable from negative, following the change of outlook by Standard & Poor's on the ratings of The Williams Companies (B+/Stable/--) to stable from negative. AES Ironwood is a 705-MW, combined-cycle, natural gas-fired generating station located in South Lebanon Township, Pa., that sells capacity and energy to Williams Power Co. Inc. (formerly known as Williams Energy Trading and Marketing Co.), a subsidiary of The Williams Companies Inc., through a 20-year power purchase agreement (PPA). The Williams Companies Inc. unconditionally and fully guarantees the obligations of Williams Power under the PPA. The...
Companies mentioned in this report are: AES Ironwood LLC,Williams Cos. Inc. (The),AES Corp. (The)
Action: Outlook: Stable
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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