Fitch affirms FirstLight bonds

Fitch Ratings said it affirmed the BB+ rating on FirstLight Hydro Generating Co.'s $320 million senior secured first mortgage bonds.

The agency said it revised the outlook on the company to stable from negative based on Fitch's expectation of low but stable natural gas prices in a stress scenario.

Fitch said it also affirmed and withdrew the ratings for FirstLight Power Resources, Inc., following the sponsor's prepayment of the company's indebtedness in its entirety.

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