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AES Eastern Energy L.P. $550 Million Pass-Through Certificates 'BBB-' Rating Affirmed Aug 01
Standard & Poors, Aug 2001
Abstract
NEW YORK (Standard & Poor's) Aug.28, 2001--Standard & Poor's today affirmed its triple-'B'-minus rating on AES Eastern Energy L.P.'s (AEE) $550 million pass-through certificates. The outlook is stable. This affirmation follows Standard & Poor's annual surveillance. AEE is a wholly owned subsidiary of AES NY LLC and AES NY2, which are wholly owned by The AES Corp. (AES, double-'B'/Positive/--). AEE holds six coal-fired generating assets, representing 1,268 MW of electric generating capacity located in western New York State. The rating incorporates the following risks: -- There is exposure to fluctuation in pricing and volume in a commodity market. -- There are potential increased costs as a result of stricter environmental compliance regulations, which may put pressure on AEE's margins. --...
Companies mentioned in this report are: AES Eastern Energy L.P.,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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