S&P revises AES outlook to positive

S&P said it revised the outlook for AES Corp. to positive from stable.

“The outlook revision reflects the progress AES has made over the past few quarters on improving credit metrics and accelerating leverage reduction through the recent $443 million debt pay down. Since 2016, AES has pivoted toward achieving investment-grade status by 2020,” said S&P in a press release.

The agency affirmed its ratings on AES, including the BB+ issuer credit rating and BBB- and BB+ issue-level ratings on the company's senior secured debt and senior unsecured debt, respectively.

© 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.