C.A. La Electricidad De Caracas 'B' Rating Affirmed Sep 05
- ID: 1833422
- September 2005
- Standard & Poors
MEXICO CITY (Standard & Poor's) Sept. 20, 2005--Standard & Poor's Ratings Services said today that it affirmed its 'B' long-term corporate credit rating on C.A. La Electricidad de Caracas (EDC), and its 'B' rating on Electricidad de Caracas Finance B.V.'s $260 million senior unsecured notes. The outlook is stable. Entities in the Bolivarian Republic of Venezuela (B+/Stable/B) continue to face high risk, even as the credit quality of the sovereign itself has improved. Pervasive country risk factors endemic to Venezuela heighten the operating and financial risk facing industrial and financial corporations. Country risk is a significant credit rating factor for industrial companies rated by Standard & Poor's. On Aug. 12, 2005, we raised our long-term local and foreign currency sovereign...
Companies mentioned in this report are: C.A. La Electricidad De Caracas ,AES Corp. (The),Electricidad de Caracas Finance B.V.
Action: Outlook: Stable
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Research type: News
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