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Published on 8/8/2012 in the Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch affirms Lea Power

Fitch Ratings said it affirmed Lea Power Partners, LLC's $305.4 million senior secured bonds due 2033 at BB+.

The outlook remains stable.

The ratings reflect the company's stable revenue profile, Fitch said.

The tolling nature of its power purchase agreement mitigates revenue risk and cost risk to the project, the agency said.

The rating also considers the company's strong operating history, S&P said.


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