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AES Panama S. A. Rating Affirmed; Outlook Stable Mar 08
Standard & Poors, March 2008
Abstract
MEXICO CITY (Standard & Poor's) March 7, 2008--Standard & Poor's Rating Services said today that it affirmed its 'BBB-' long-term corporate credit rating on AES Panama S.A., and its 'BBB-' rating on AES Panama's $300 million senior notes due in 2016. The outlook is stable. 'The rating reflects the company's strong profitability, projected cash-flow stability as a result of the diversified long-term purchase-power agreements signed with the three distribution companies in Panama, the growing prospects for power consumption in Panama, and Panama's attractive and business-oriented regulatory framework that seeks to optimize the system's efficiency,' said Standard & Poor's credit analyst Fabiola Ortiz. The rating also incorporates the company's ability to generate electricity at a very low cost and its plants'...
Companies mentioned in this report are: AES Panama, S. A.,AES Corp. (The)
Action: Affirmed
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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