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AES Eastern Energy L.P. Rating Affirmed and Removed From CreditWatch Dec 02
Standard & Poors, Dec 2002
Abstract
NEW YORK (Standard & Poor's) Dec. 13, 2002--Standard & Poor's Ratings Services today affirmed its 'BB+' rating on AES Eastern Energy L.P.'s $550 million pass through certificates and $35 million working capital facility and removed the rating from CreditWatch, where it was placed on Oct. 3, 2002. This rating action was solely in reaction to a similar rating action taken on The AES Corp. (AES) today. The rating action reflects AES Eastern's rating linkage to AES. The outlook is now negative and reflects the outlook on AES. The rating action is directly attributable to a similar rating action taken on AES' ratings. There have been no other events that in and of themselves would have caused a rating action on...
Companies mentioned in this report are: AES Eastern Energy L.P.,AES Corp. (The)
Action: Affirmed, Off CreditWatch
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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