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S&P may cut Alta Wind pass-through certs
Standard & Poor's said it placed the BBB- rating on Alta Wind Holdings LLC's $579.9 million pass-through trust certificates due 2035 on CreditWatch with negative implications.
"The CreditWatch listing reflects the unexpected uncertainty of the timing and amount of payment of cash grants to the Alta project owner/lessors by the U.S. Treasury," S&P analyst Marc Sonnenblick said in a statement.
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