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BOUNDARY LAYER RECEPTIVITY ON A COMPLIANT SURFACE. Edition No. 1
Standard & Poors, July 1998
Abstract
NY -- Standard & Poor's CreditWire 7/29/98 - Standard & Poor's today assigned its single-'B'-plus rating to AES Corp.'s $200 million convertible junior subordinated debentures due 2005. Standard & Poor's also affirmed its double-'B' corporate credit and single-'B'-plus subordinated note ratings on AES Corp. The outlook is stable. Proceeds from this issuance in conjunction with the proceeds of a common stock issuance will be used: -- To repay an outstanding bridge loan on AES Corp.'s recently acquired Empressa Distribudora de La Plata, -- To pay down the corporate level revolver, and -- To fund general corporate purposes. Standard & Poor's affirmed ratings reflect the following risks: -- AES's aggressive development and acquisition strategies. AES has focused much of its growth...
Companies mentioned in this report are: AES Corp. (The)
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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