Moody's rates Homer City notes Caa1

Moody's Investors Service said it assigned a Caa1 rating to Homer City Generation LP's $673 million senior secured notes, which were initially rated Caa1 on a provisional basis.

The outlook is stable.

Moody's said the rating assignment reflects Homer City's emergence from bankruptcy, the closing of all financial conditions in December 2012, and the agency's view that Homer City's main credit drivers remain substantially unchanged.

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