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AES China Generating 'B+' Rating Affirmed; Off Watch; Outlook Stable Dec 02
Standard & Poors, Dec 2002
Abstract
HONG KONG (Standard & Poor's) Dec. 18, 2002--Standard & Poor's Ratings Services said today that it had affirmed its 'B+' rating on AES China Generating Co. Ltd. (AES Chigen) and its US$180 million senior unsecured notes due 2006. The ratings were also removed from CreditWatch where they were placed on Oct. 7, 2002. The outlook on the rating is stable. 'The rating on AES Chigen reflects a strong recovery in the company's operating performance as of 2001, and takes account of the weakened credit profile of its parent company, AES Corp. (B+/Negative/--),' said Standard & Poor's credit analyst Raymond Woo. Being a wholly owned subsidiary of AES Corp. AES Chigen is negatively affected by the rating on its parent. Nevertheless,...
Companies mentioned in this report are: AES China Generating Co. Ltd.,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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