S&P Global Ratings downgrades Local Currency LT credit rating of Elecar to "CCC-"; outlook negative

July 13, 2017 - CBonds

 

S&P Global Ratings downgraded from "CCC" to "CCC-" the Local Currency LT credit rating of Elecar on July 12, 2017. The outlook is negative.
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Issuer: Elecar
Issuer profile:
Elecar is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned... more
Outstanding issues:
1 issuesUSD650,000,000
Issuer rating:
S&P Global RatingsCCC-/NegativeForeign Currency LT07/12/2017
S&P Global RatingsCCC-/NegativeLocal Currency LT07/12/2017
Fitch RatingsCCC/LT Int. Scale (foreign curr.)08/04/2016
Fitch RatingsCCC/LT Int. Scale (local curr.)08/04/2016
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