• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
AES Corp. Forges Ahead with Asset Sales Apr 03 Product Image

AES Corp. Forges Ahead with Asset Sales Apr 03

  • ID: 1833970
  • April 2003
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) April 3, 2003- In determining The AES Corp.'s 'B+' rating and negative outlook, Standard & Poor's Ratings Services has estimated parent operating cash flow/interest coverage in 2003 of between 1.5x and 1.7x and parent operating cash flow/debt of 14% to 15% given a range of projected distributions from subsidiaries from $900 million to $1 billion. Given AES' cash flow profile, these numbers are indicative of a credit in the 'B' category, according to a report published today by Standard & Poor's Ratings Services. Standard & Poor's assumes that AES will continue to make progress on its asset sales program. The proceeds will provide the majority of funds necessary to pay down 50%, or about $810...

Companies mentioned in this report are: AES Corp. (The)
Action: S&P Event

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.

Note: Product cover images may vary from those shown

RELATED PRODUCTS

  • DPL Inc. Dec 11 - Product Thumbnail Image DPL Inc. Dec 11

    DPL Inc. Dec 11

    • Language: English
    • Published: December 2011
  • Dayton Power & Light Co. Dec 11 - Product Thumbnail Image Dayton Power & Light Co. Dec 11

    Dayton Power & Light Co. Dec 11

    • Language: English
    • Published: December 2011
  • Transaction Update: AES Red Oak LLC Jan 12 - Product Thumbnail Image Transaction Update: AES Red Oak LLC Jan 12

    Transaction Update: AES Red Oak LLC Jan 12

    • Language: English
    • Published: January 2012
  • The AES Corp. Mar 12 - Product Thumbnail Image The AES Corp. Mar 12

    The AES Corp. Mar 12

    • Language: English
    • Published: March 2012
  • Dayton Power & Light Co. May 12 - Product Thumbnail Image Dayton Power & Light Co. May 12

    Dayton Power & Light Co. May 12

    • Language: English
    • Published: May 2012
  • DPL Inc. May 12 - Product Thumbnail Image DPL Inc. May 12

    DPL Inc. May 12

    • Language: English
    • Published: May 2012
  • The AES Corporation - Power Plants and SWOT Analysis, 2012 Update - Product Thumbnail Image The AES Corporation - Power Plants and SWOT Analysis, 2012 Update
    FROM
  • AES CHIVOR & CIA S.C.A. E.S.P. Dec 12 - Product Thumbnail Image AES CHIVOR & CIA S.C.A. E.S.P. Dec 12

    AES CHIVOR & CIA S.C.A. E.S.P. Dec 12

    • Language: English
    • Published: December 2012
  • Transaction Update: AES Ironwood LLC Feb 12 - Product Thumbnail Image Transaction Update: AES Ironwood LLC Feb 12

    Transaction Update: AES Ironwood LLC Feb 12

    • Language: English
    • Published: February 2012
  • The AES Corp. Mar 13 - Product Thumbnail Image The AES Corp. Mar 13

    The AES Corp. Mar 13

    • Language: English
    • Published: March 2013