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Prospect News home > News index > List of issuers C > Headlines for Choctaw Generation LP > News item |
Moody's cuts Choctaw
Moody's Investors Service said it downgraded the rating of Choctaw Generation LP's approximately $288 million of outstanding pass-through trust certificates to Caa1 from B2.
The outlook remains negative.
Moody's said the downgrade reflects the project's severely strained liquidity position, which is likely to lead to a near-term payment default or restructuring.
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