| Title: | Summary: The AES Corp. |
| Price: | $175.00 |
| Publication Date: | May 01, 2008 |
| Report Type: | Summary |
| Abstract: | The ratings on electric power developer The AES Corp. reflect its reliance on substantive distributions in jurisdictions with considerable regulatory and operating uncertainties, as well as its exposure to merchant power markets, most notably through subsidiary AES Eastern Energy L.P. (BB+/Stable/--). The ratings also reflect large growth expenditure requirements. While residual distributions from project investments and dividends from operating subsidiaries partly service these requirements, AES requires financing for its growth, which should be funded in a credit-neutral manner. We believe that the significant investment requirements will likely entail new debt and will slow the improving credit quality of the past two years. Partly mitigating these weaknesses are the benefits of regional and operational diversification, which helps to reduce the company's |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: The AES Corp. Publication date: ##-May-#### Primary Credit Analyst: Aneesh Prabhu, New York (#) ###-###-####; aneesh_prabhu@standardandpoors.com Credit Rating: ##-/Stable/-- Rationale The ratings... |
| Word Count: | 1633 |
| Ticker: | AES |
| Issuer: | AES Corp. (The) |
| GICS: | Independent Power Producers & Energy Traders (55105010) |
| Sector: | Global Issuers, Utilities, Electric |
| Country: | United States |
| Region: | United States |
| Format: | 
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