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AES Ocean Springs Ltd, EDEN, and EDES Assigned Preliminary Ratings Jun 00
Standard & Poors, June 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) June 16, 2000--Standard & Poor's today assigned its double-'B'-plus preliminary rating to Empresa Distribuidora de Energia Norte S.A.'s (EDEN) US$67 million bank loan and a double-'B'-plus preliminary rating to Empresa Distribuidora de Energia Sur S.A.'s. (EDES) US$23 million bank loan. At the same time, Standard & Poor's assigned its single-'B'-plus issuer credit rating to AES Ocean Springs Ltd. and its single-'B'-plus preliminary rating to AES Ocean Springs Ltd.'s US$110 million bank loan. EDEN (issuer credit rating double-'B'-plus/Stable/--) and EDES (issuer credit rating double-'B'-plus/Stable/--) are electricity distribution companies in Argentina. AES Ocean Springs Ltd., is an indirectly wholly owned subsidiary of The AES Corp. (The) (double-'B'/Stable/--); AES Ocean Springs Ltd. indirectly controls EDEN and EDES....
Companies mentioned in this report are: Empresa Distribuidora de Energia Norte S.A. (EDEN),Public Service Electric & Gas Co.,AES Corp. (The),Empresa Distribuidora de Energia Sur S.A. (EDES)
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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