Fitch Downgrades AES Eastern Energy's Secured Debt to 'D&#...

Fitch Downgrades AES Eastern Energy's Secured Debt to 'D'
MarketWatch (press release)
As part of its Chapter 11 reorganization filing, AEE has agreed in principal to sell the Somerset and Cayuga coal-fired power plants to a subset of its existing trust certificate holders under a non-binding term sheet dated Dec. 30, 2011. ...