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BULLETIN: Continued Form 10-Q Filing Delay Could Be Unfavorable For AES Corp. Jan 06
Standard & Poors, Jan 2006
Abstract
NEW YORK (Standard & Poor's) Jan. 9, 2006-The AES Corp. (B+/Positive/--) announced on Friday, Jan. 6, 2005 that it had received notice from the trustee under indentures governing the company's outstanding senior unsecured notes, senior subordinated notes, and junior subordinated convertible notes that the company is not in compliance with reporting requirements under the indentures due to the company's failure to timely file Form 10-Q for the quarters ended June 30, 2005 and Sept. 30, 2005. If AES fails to file the reports by Feb. 28, 2006, an event of default will occur under the indentures. AES also stated that it did not expect this to adversely affect the company because it expects to make the required filings by Jan....
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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