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AES Upgraded by S&P to BB+; Closes $1 Billion Sale of Masinloc and Uses All Proceeds to Reduce Parent Debt

Anand Gupta
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AES Upgraded by S&P to BB+; Closes $1 Billion Sale of Masinloc and Uses All Proceeds to Reduce Parent Debt
Business & Finance
ARLINGTON, Va. — The AES Corporation’s (NYSE: AES) credit rating was upgraded one notch by S&P Global Ratings (S&P), to BB+ from BB. The upgrade was a direct result of accelerated debt reduction from asset sale proceeds “We are pleased that in recognition of our substantial de-levering, S&P has upgraded our credit rating to BB+. […]
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