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AES Corp.'s El Salvadoran Units' 'BB+' Corporate Credit Ratings Are Withdrawn Feb 06
Standard & Poors, Feb 2006
Abstract
NEW YORK (Standard & Poor's) Feb. 21, 2006--Standard & Poor's Ratings Services said today it withdrew its 'BB+' corporate credit ratings on The AES Corp.'s El Salvador-based electric distribution subsidiaries Compa-ia de Alumbrado El-ctrico de San Salvador S.A. de C.V., Empresa El-ctrica de Oriente S.A. de C.V., and Distribuidora El-ctrica de Usulut-n S.A. de C.V. following the payment of the outstanding $103 million initially purchased by Fortis Bank N.V./S.A. and insured by MBIA Insurance Corp. Management confirmed that the notes were refinanced with $300 million senior guaranteed notes....
Companies mentioned in this report are: Compania de Alumbrado Electrico de San Salvador, S.A. de C.V.,AES Corp. (The),Empresa Electrica de Oriente, S.A. de C.V.,Distribuidora Electrica de Usulutan, S.A. de C.V.
Action: Withdrawn
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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