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S&P: Lea notes to negative
Standard & Poor's said it revised the outlook on Lea Power Partners LLC's $305.4 million of senior secured bonds due in 2033 to negative from stable.
The agency also said it affirmed the BBB- rating on the notes.
Lea Power is a special-purpose, bankruptcy-remote company formed to build and operate a power plant.
The negative outlook stems from performance that is below the projections made when the facility went into commercial operations in 2009, S&P said.
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