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Published on 7/5/2002 in the Prospect News Convertibles Daily.

S&P lowers AES Gener

Standard & Poor's downgraded AES Gener SA and kept it on CreditWatch with negative implications.

Ratings lowered include AES Gener's $200 million 6.5% notes due 2006 and $82.5 million 6% convertible debentures due 2005, both cut to BB from BBB-.


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