S&P raises LSP Batesville

Standard & Poor's said it raised its rating on LSP Batesville Funding Corp.'s $150 million senior secured bonds due 2014 and $176 million senior secured bonds due 2025 to B+ from B- and removed the ratings from CreditWatch with positive implications.

The outlook is stable.

S&P said the rating action follows the assignment of the power purchase agreement by Aquila Inc. (B-/negative/B-3) to a third party, South Mississippi Electric Power Association (Smepa; not rated) and S&P's preliminary evaluation of Smepa's credit risk.

© 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.