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Article: Fitch Downgrades C.A. La Electricidad de Caracas (EDC) IDRs to 'B+'; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- December 16, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings has downgraded the foreign and local currency Issuer Default Ratings (IDRs) of C.A. La Electricidad de Caracas (EDC) to 'B+' from 'BB-'. This rating action follows Fitch's downgrade of the sovereign IDRs of the Bolivarian Republic of Venezuela to 'B+' from 'BB-' on Dec. 15. Fitch has also downgraded the USD650 million of senior unsecured notes due in 2018 and the outstanding portion of the USD260 million of notes due 2014 to 'B+' from 'BB-'. These notes have been assigned a Recovery Rating of 'RR4'. Fitch has concurrently affirmed EDC's national scale short- and long-term ratings at 'F1+(ven)' and 'AAA(ven)', respectively. EDC's Rating Outlook ...
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Article: Update: Bolivarian Republic of Venezuela.
PR Newswire;
September 28, 2004 ;
700+ words
... ... Reference is made to the press release issued yesterday by the Bolivarian Republic of Venezuela (the "Republic") in connection with its ... is: JPMorgan Chase Bank Attention: Exchange Agent: Bolivarian Republic of Venezuela Facsimile: +44-1202-32-2494 Telephone ...
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