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Prospect News home > News index > List of issuers A > Headlines for Alta Wind Holdings II-IV LLC > News item |
Fitch to rate Alta Wind certificates BBB-
Fitch Ratings said it expects to rate Alta Wind 2010 Pass-Through Trust's proposed $412.2 million issuance of senior secured pass-through certificates BBB- with a stable outlook.
The expected rating primarily reflects the risks inherent in the operation of a greenfield wind project over a 24-year term, the agency said. Net output could fall below projections due to the variability of the wind resource at a non-diversified, single-site project.
Positively, Alta's operating profile will benefit from commercially proven technology, a strong turbine warranty and continued support from the manufacturer under a five-year maintenance agreement, Fitch said.
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