AES Panama Rating Pressure Eases

AES Panama Rating Pressure Eases

Panama

Fitch has removed from rating watch negative and affirmed AES Panama's rating at BBB minus (stable). The action applies to approximately $300m of notes outstanding due in 2016. “The rating action reflects subsiding regulatory risks after the government of Panama retracted its intention to implement hefty water-usage taxes for hydroelectric generation companies,” says Fitch. “AES Panama's ratings are supported by the company's strong portfolio of assets with a competitive dispatch position and it

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