Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Homer City Generation, LP > News item |
Moody's rates Homer City notes Caa1
Moody's Investors Service said it assigned a provisional Caa1 rating to Homer City Generation's $640 million of senior secured notes.
The outlook is stable.
Moody's said the provisional Caa1 rating on Homer City's senior secured notes considers its expected emergence from bankruptcy with no reduction in debt, full merchant energy exposure, and ability of the owner, an affiliate of General Electric Capital Corp. to terminate the construction of the new flue gas desulfurization equipment on Units 1 & 2 of Homer City at its discretion.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.