| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for Lea Power Partners LLC > News item |
S&P: Lea Power on watch
Standard & Poor's said the BBB- ratings on Lea Power Partners LLC's $305.4 million senior secured bonds remain on CreditWatch, where they were placed with negative implications in December 2011.
The CreditWatch listing is based on the planned sale of Hobbs Power Funding LLC, which owns Lea Power Partners, to FREIF North American Power I, S&P said.
A controlling interest in that entity will be held indirectly by First Reserve Corp., a private equity company, the agency said.
The ratings on Lea Power will remain on CreditWatch until the transaction closes, S&P said.
© 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.