Moody's affirms AES

Moody's Investors Service said it affirmed AES Corp.'s B1 corporate family rating and senior unsecured rating assigned to its senior unsecured notes offering following the increase to $2 billion from $500 million.

Moody's said the rating affirmation is based on the company using proceeds in excess of $600 million to refinance part of its $4.8 billion existing recourse debt.

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