Moody's lifts AES view to positive

Moody's Investors Service said it changed the outlook on the AES Corp. to positive from stable.

The agency also said it affirmed the company's Ba2 corporate family rating and senior unsecured rating, Ba2-PD probability of default rating and Ba1 senior secured bank credit facility rating.

The company's speculative grade liquidity rating is affirmed at SGL-2.

AES is taking steps to reduce its business risk and is increasing the stability and predictability of its cash flows, Moody's said.

But consolidated financial improvements occur more slowly, the agency said, and are harder to see due to the complexity of the organizational structure.

The outlook change also reflects the progress being made for a number of projects that are still under construction and the more contracted nature of AES's portfolio of new assets, Moody's said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.