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Fitch Downgrades AES El Salvador's IDR to 'B+'; Outlook Revised to Stable

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MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has downgraded AES El Salvador Trust II's (AES El Salvador) foreign and local currency Issuer Default Ratings (IDRs) to 'B+' from 'BB' and revised the Rating Outlook to Stable from Negative. In addition, Fitch has downgraded the company's USD310 million senior unsecured notes due 2023 to 'B+/RR4' from 'BB'. The downgrade is driven by Fitch's recent Sovereign rating downgrade of El Salvador to 'B+' from 'BB-' with Stable Outlook, along with the c

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