AES Planning $100 Million U.S. Solar Power Securitization
- Marks solar industry's sixth securitization, third since July
- AES portfolio includes commercial, residential solar plants
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AES Corp., a U.S. power producer with operations in 18 countries, is planning to securitize its first portfolio of solar projects.
The deal will comprise $92.5 million of Class A notes and $7.5 million of Class B notes, according to a report from Kroll Bond Rating Agency Inc., which rated the first tranche BBB, two levels above junk, and the smaller one at B, five levels below investment grade.