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C.A. La Electricidad De Caracas 'B' Rating Affirmed Sep 05
Standard & Poors, Sep 2005
Abstract
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: Affirmed
Action: Outlook: Stable
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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