Moody's affirms LSP Energy

Moody's Investors Service said it affirmed the B2 rating for the senior secured debt of LSP Energy LP and LSP Batesville Funding Corp.

The outlook is stable.

Moody's said the rating affirmation considers the expected completion of the sale of NRG Energy's (B2 senior implied rating; stable outlook) interest in LSP Energy and LSP Batesville to CEP Batesville Acquisition LLC for $26.5 million plus the assumption of the outstanding project debt.

CEP Batesville is owned by Complete Energy Partners LLC, a newly formed private company, and by various private financial investors.

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