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Prospect News home > News index > List of issuers K > Headlines for KGen LLC > News item |
S&P ups KGen to positive
Standard & Poor's said it revised the outlook on KGen LLC's senior secured credit facilities to positive from negative and affirmed the BB- rating on the facilities with a 1 recovery rating.
The outlook revision reflects the likelihood that KGen will repay its debt with the expected proceeds from the sale of the Murray plants to Oglethorpe Power Corp. for about $531 million.
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