S&P: Ipalco, units outlook positive

Standard & Poor's said it affirmed its BB+ corporate credit ratings on Ipalco Enterprises Inc. and its subsidiary Indianapolis Power & Light Co. and revised the outlook on the companies to positive from stable.

The outlook revision is solely due to the companies' rating linkage to The AES Corp. (B+/positive/--), whose corporate credit rating was also affirmed and outlook revised to positive.

S&P said the outlook revision on AES reflects a trend of improving credit metrics both at the parent level and on a consolidated basis over the past year, a trend that should continue based on management's public statements regarding its goals for debt reduction and S&P's expectations of future portfolio performance.

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