Fitch views Midland Cogen positively.

Fitch Ratings said it changed the outlook to positive from stable and affirmed Midland Cogeneration Venture LP's $560 million secured note, with $192 million outstanding, at BB+.

“The positive outlook indicates current forecasts of financial performance that are adequate for a higher rating based on higher power purchase agreement (PPA) cash flows from increased dispatch, a lower cost profile, and unique operational flexibility and resiliency not typical of most thermal plants,” Fitch said in a press release.

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