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S&P shifts Orange Cogen view to negative
S&P said it revised the outlook for Orange Cogen Funding Corp. to negative from stable but affirmed its A- debt rating.
Orange Cogen’s revenue counterparty is Duke Energy Florida LLC and takes 100% of Orange Cogen’s output. On Dec. 15, the agency revised Duke’s outlook to negative.
The rating action reflects S&P’s outlook revision on Duke, the agency said.
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