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AES China Generating Co US$180M Nts Rated BB- by S&P Nov 96
Standard & Poors, Nov 1996
Abstract
MELBOURNE -- Standard & Poor's CreditWire 11/29/96 -- Standard & Poor's today has assigned its double-`B'-minus rating on AES China Generating Co. Ltd.'s (AES Chigen) US$180 million senior unsecured notes due in 2006. AES Chigen develops, finances, owns, and operates electric power generation facilities in the People's Republic of China (PRC). Headquartered in Beijing, the company has equity interests ranging from 25%-70% in eight projects, with one additional project in advanced development. The projects are located in the Henan, Anhui, Jiangsu, Sichuan, Hunan, Guangdong, and Shanxi Provinces, and range in size from 15 MW-2,100 MW. The rating reflects the following risks: --The company's project portfolio has a high degree of construction risk with six projects not yet completed. Furthermore, the...
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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