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Research Update: Comisi?n Federal De Electricidad's $750 Mil. Notes Assigned 'BBB' Rating, Foreign- And Local- Currency Ratings Affirmed Feb 12 Product Image

Research Update: Comisi?n Federal De Electricidad's $750 Mil. Notes Assigned 'BBB' Rating, Foreign- And Local- Currency Ratings Affirmed Feb 12

  • Published: February 2012
  • Standard & Poors

Abstract
CFE plans to issue $750 million in senior unsecured notes due 2042, and to use the proceeds of the notes for prepayment a portion of its outstanding loans and for other general corporate purposes. We are assigning our 'BBB' rating to the notes, while affirming our 'BBB' foreign and 'A-' local currency corporate credit ratings on CFE. The stable outlook reflects our expectation that CFE's relationship with the government will not change significantly during the medium-to-long term. On Feb. 7, 2012, Standard & Poor's Ratings Services assigned its 'BBB' rating to Comision Federal De Electricidad (CFE)'s proposed $750 million senior unsecured notes due 2042. CFE plans to use the net proceeds from the notes to prepay a portion of the...

Companies mentioned in this report are: Comision Federal De Electricidad
Action: New Rating

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Comision Federal De Electricidad

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