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S&P affirms LS Power
Standard & Poor's said it affirmed the BBB rating on LS Power Funding Corp.'s $226.4 million 8.08% senior secured bonds due Dec. 30, 2016.
The outlook was revised to negative.
The negative outlook reflects the likelihood of low capacity factors and low debt-service coverage at LSP-Cottage Grove LP, S&P said, and also low coverage at LSP-Whitewater LP.
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