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BULLETIN: AES' $331 Million Debt Redemption Supports Credit Quality Nov 04
Standard & Poors, Nov 2004
Abstract
NEW YORK (Standard & Poor's) Nov. 19, 2004--Standard & Poor's Ratings Services said today that The AES Corp.'s (B+/Positive/--) announcement that it has called for redemption $331.4 million in principal amount of its outstanding debt is supportive of credit quality; however, the announcement does not affect the rating or outlook at this time. Standard & Poor's has incorporated AES' debt reduction plans in its positive outlook, and this redemption is in line with Standard & Poor's expectations. AES' current trend of improving credit metrics is likely to continue given the company's stated objective to continue reducing debt; thus, the rating is more likely to improve than remain the same or deteriorate over a one- to three-year time horizon....
Companies mentioned in this report are: AES Corp. (The)
Action: Bulletin
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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