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AES Sul Distribuidora Gaucha de Energia S.A. Assigned 'brA' National Scale Issuer Credit Rtg Dec 00
Standard & Poors, Dec 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Dec. 19, 2000--Standard & Poor's today assigned its 'brA' national scale issuer credit rating to AES Sul Distribuidora Gaucha de Energia S.A. The outlook is stable. AES Sul is an electric distribution company serving 3.3 million customers in the state of Rio Grande do Sul, which is one of the most prosperous and fastest growing regions in Brazil. AES Sul's rating reflects the challenges of operating in Brazil, including an evolving regulatory scheme and the potential for economic and financial volatility. These risks are offset by a 30-year monopoly to distribute electricity within its concession area, a robust and diversified industrial base, and strong operating performance. In addition, AES Sul is (ultimately) 96.7% owned...
Companies mentioned in this report are: AES Sul Distribuidora Gaucha de Energia S.A.,AES Corp. (The)
Action: New Rating
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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