|
|
 |
|
Viewing report
|
|
|
|
AES Corp. (The) Senior Notes Rated 'BB' Nov 99
Standard & Poors, Nov 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 12, 1999--Standard & Poor's today assigned its double-'B' rating to AES Corp.'s $250 million senior notes. The outlook is stable. Proceeds from this issuance will be used to fund a portion of the purchase price of the Drax power station, to potentially repay a portion of the AES Texas Funding bridge loan, and for general corporate purposes. AES Corp. is a global electric company. The majority of the company's revenues come from generation and sale of electricity to customers (generally electric utilities or regional electric companies) for further resale to end users. AES also owns distribution companies that sell electricity directly to end users such as commercial, industrial, governmental, and residential customers. In...
Companies mentioned in this report are: AES Corp. (The)
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.
|
|
|
|
