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AES Gener S.A. 'BB+' Corporate Credit Rating Affirmed May 04
Standard & Poors, May 2004
Abstract
NEW YORK (Standard & Poor's) May 11, 2004--Standard & Poor's Ratings Services affirmed its 'BB+' rating on AES Gener S.A., the second largest Chilean power generator, based on expectations that the company will be able to weather the effects of the current natural gas crisis in Argentina without a significant deterioration of the company's financial profile. The outlook is stable. Standard & Poor's expects the node price to remain above US$40 per MWh in the Central Interconnected System (SIC) in the coming years. This should allow AES Gener to offset most of the increased costs of generating with higher-cost fuels if there are natural gas shortages in both the SIC and the Northern Interconnected System (SING). However, a scenario of...
Companies mentioned in this report are: AES Gener S.A.,AES Corp. (The)
Action: Affirmed
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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