Fitch rates Ipalco notes BB+

Fitch Ratings said it assigned a BB+ rating to Ipalco Enterprises, Inc.’s issuance of senior secured debt.

These notes rank pari passu with Ipalco’s other senior secured debt, including any future senior debt issuances, Fitch said.

The proceeds will be used to refinance its 2016 senior debt maturities, the agency said.

The ratings reflect the quality of cash flow from its regulated operating company –Indianapolis Power & Light Co., Fitch said, along with its highly leveraged capital structure.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.