• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Gener S.A., Guacolda Ratings Placed on CreditWatch with Negative Implications Dec 00 Product Image

Gener S.A., Guacolda Ratings Placed on CreditWatch with Negative Implications Dec 00

  • Published: December 2000
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's CreditWire) Dec. 28, 2000--Standard & Poor's today placed its triple-'B'-plus rating on Gener S.A., a Chilean generation company, and its triple-'B'-minus rating on Empresa Electrica Guacolda S.A., a single-asset thermal generator that is 50% owned by Gener, on CreditWatch with negative implications. The ratings had been on CreditWatch with developing implications, where they were placed on Oct. 9, 2000 as a result of acquisition interest in Gener. Guacolda's rating is affected since it benefits from its affiliation with Gener. This action reflects AES Corp.'s (double-'B', CreditWatch positive/--) acquisition of 61.57% of Gener on the Santiago stock exchange auction for US$841 million. On Dec. 12, 2000, Gener's shareholders approved the removal of an ownership limit on...

Companies mentioned in this report are: AES Gener S.A.,AES Corp. (The)
Action: On CreditWatch:Negative

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 READ MORE >

AES Gener S.A.,AES Corp. (The)

Note: Product cover images may vary from those shown

RELATED PRODUCTS