Fitch Expects to Rate AES Corporation's $350MM Unsecured Debt 'BB'; Outlook Stable
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NEW YORK--(Business Wire)-- Fitch Ratings has assigned its 'BB' rating to the anticipated issuance by The AES Corporation (AES) of $350 million unsecured debt in a private placement. The new notes are unsecured and rank equally with existing and future unsecured debt of AES. The Issuer Default Rating (IDR) of AES is 'B+'. The Rating Outlook is Stable. Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site. Fitch Ratings, New York Ellen Lapson, 212-908-0504 Roshan Bains, 212-908-0211 or Media Relations: Cindy Stoller, 212-908-0526 Email: cindy.stoller@fitchratings.com Copyright Business Wire 2009
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