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AES Gener S.A. -- Moody's assigns Ba2 to Gener's junior subordinated capital Notes

Moody's Investors Service ("Moody's") assigned a Ba2 rating to AES Gener S.A.'s (Gener) proposed $450 million junior subordinated capital notes (hybrid notes) due in 2079. Gener also disclosed its intention to fully redeem any not tendered 2073 Notes. The Ba2 rating reflects the terms of the proposed Hybrids including a maturity of 60 years, its deeply subordinated position within Gener's capital structure where it will rank senior only to Gener's common shares and Gener's ability to defer coupons on a cumulative basis.