BULLETIN: AES Asset Purchases Do Not Affect Credit Jan 05
- ID: 1834152
- January 2005
- Standard & Poors
NEW YORK (Standard & Poor's) Jan. 12, 2005--Standard & Poor's Ratings Services said today that the announcement by The AES Corp. (B+/Positive/--) that it has entered into an agreement to acquire SeaWest Holdings Inc., a privately-owned wind generation operating and development company based in San Diego, Calif. for about $60 million in cash, and that it would acquire and construct SeaWest's 120 MW Buffalo Gap wind generation project near Abilene, Texas, at an estimated cost of $165 million, does not affect the company's rating or outlook. Standard & Poor's had expected AES to begin investing in new businesses again, and how these investments are financed together with their risk profile will determine any future ratings implications. Credit metrics are more...
Companies mentioned in this report are: AES Corp. (The)
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