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Moody’s lifts Elwood Energy bonds to Ba2
Moody's Investors Service said it upgraded Elwood Energy LLC's senior secured bonds to Ba2 from Ba3.
The outlook remains positive.
Moody’s said the upgrade takes into consideration the most recent Base Residual capacity auction results in PJM for the ComEd region that provides visibility into future revenues enabling the project to comfortably service debt through May 2021 from internal cash flow.
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