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AES Corp. Upgraded To 'BB' From 'BB-' On Stronger Liquidity, Outlook Stable Jan 11
Standard & Poors, Jan 2011
Abstract
U.S.-based electric power developer AES Corp.'s stronger liquidity bolstered its financial risk profile. We raised our corporate credit ratings on AES to 'BB' from 'BB-'. Almost $5 billion of outstanding debt is affected. The outlook is stable. We affirmed the recovery rating of '3' on AES's senior unsecured debt. NEW YORK (Standard & Poor's) Jan. 7, 2011--Standard & Poor's Ratings Services raised its corporate credit ratings on AES Corp. to 'BB' from 'BB-'. At the same time, we affirmed the recovery rating of '3' on the company's unsecured debt. The outlook is stable. As of Sept. 30, 2010, AES had $4.9 billion of recourse debt and trust-preferred securities. In addition, about $14 billion of debt resides at various wholly or...
Companies mentioned in this report are: AES Corp. (The)
Action: Outlook: Stable
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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