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Organization: Elecar

The issuer's bonds defaulted in 2018
Full name of organization
Electricidad de Caracas (ELECAR) Corporacion Electrica Nacional (CORPOELEC)
Country of risk
Venezuela
Country of registration
Venezuela
Industry
Power
Credit ratings
in foreign currency
  • M/S&P/F
    -/***/***
Bond debt
650 mln USD
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Profile

Elecar is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned oil company PDVSA in 2007,
Elecar is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned oil company PDVSA in 2007, which now owns 93.62%.
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News

01/07/2019 Fitch Ratings withdrew LT Int. Scale (foreign curr.) credit rating for Elecar
01/07/2019 Fitch Ratings withdrew LT Int. Scale (local curr.) credit rating for Elecar
01/07/2019 Fitch Ratings affirms Elecar at "RD" (LT Int. Scale (local curr.) credit rating)
01/07/2019 Fitch Ratings affirms Elecar at "RD" (LT Int. Scale (foreign curr.) credit rating)
31/01/2019 S&P Global Ratings withdrew Local Currency LT credit rating for Elecar
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  • ICB
    7,500 Utilities

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