S&P: Ipalco unchanged

Standard & Poor's said Ipalco Enterprises Inc.'s (BB+/stable) announcement that it is delaying the filing of its 10-Q for the period ended June 30 does not affect the rating on the company.

Ipalco, a subsidiary of The AES Corp. (B+/positive), is in the process of finalizing a study of its deferred income tax balances and related regulatory assets, the agency said.

As a result of the study, the company believes that the amounts it has currently recorded for those items are understated. Any future restatements to the balance sheet are likely to be relatively small and hence credit neutral, S&P said.

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