|
|
 |
|
Viewing report
|
|
|
|
AES Corp. Rating Remains on CreditWatch Following Extension of Tender Offer Nov 02
Standard & Poors, Nov 2002
Abstract
NEW YORK (Standard & Poor's) Nov. 11, 2002--Standard & Poor's Ratings Services will not change the corporate credit rating of AES Corp. (B+/Watch Neg/--) following AES' announcement of the extension until Dec. 3, 2002, of the tender offer for its December 2002 notes and June 2003 ROARS, with changes in the terms of the offer. Standard & Poor's believes that the extension reflects the difficulty in reaching an agreement given the multitude of parties involved, the circumstances of the exchange offer, and the time until the Dec. 15 maturity date is reached. Standard & Poor's does reiterate that if the transaction is not consummated, the rating would fall substantially given that liquidity to pay the Dec. 15 maturity would be...
Companies mentioned in this report are: AES Corp. (The)
Action: CreditWatch Update
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.
|
|
|
|
