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S&P assigns BBB- to AES notes
S&P said it assigned a BBB- issue-level rating to AES Corp.’s $900 million of senior unsecured notes. The notes will have a fixed coupon rate of 5.45% per year with a five-year tenor.
AES’ BBB- issuer rating and stable outlook are unchanged, the agency said.
AES plans to use the proceeds to finance the development of its various projects under consideration, as well as to refinance debt.
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