|
|
 |
|
Viewing report
|
|
|
|
AES 'BB-' Corp. Rating Affirmed, Senior Debt Raised To 'BB+' (Recov. Rtg: 1); Outlook Stable Oct 07
Standard & Poors, Oct 2007
Abstract
NEW YORK (Standard & Poor's) Oct. 9, 2007--Standard & Poor's Ratings Services today affirmed its 'BB-' corporate credit rating on the diversified energy company, AES Corp., following its annual review of the company. The outlook is stable. We also assigned our 'B' rating to the company's $500 million senior unsecured notes due 2017. At the same time, Standard & Poor's raised the rating on AES' $1.8 billion second-lien senior secured debt to 'BB+' from 'BB-', two notches above the corporate credit rating. Standard & Poor's also assigned a recovery rating of '1' to the second-lien senior secured debt, indicating the expectation of very high (90%-100%) recovery in a payment default scenario. The first-lien senior secured debt is unrated. All other...
Companies mentioned in this report are: AES Corp. (The),AES Eastern Energy L.P.
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.
|
|
|
|
