S&P revises Elwood Energy view to positive

S&P said it revised its outlook to Elwood Energy LLC to positive from stable.

“The outlook revision reflects the project's strengthening forecast cash flow generation, coupled with its strong downside-case scenario resilience and liquidity,” S&P said in a press release.

The agency also affirmed its BB+ rating on Elwood’s senior secured debt.

Elwood’s 1 recovery rating is unchanged.

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