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Published on 12/21/2012 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch cuts Edison Mission

Fitch Ratings said it has downgraded Edison Mission Energy and Midwest Generation LLC's long-term issuer default ratings to D from C.

The rating action reflects the Dec. 17 filing by Edison Mission and 16 of its subsidiaries for protection under Chapter 11 of the United States Bankruptcy Code.

Fitch said it has also affirmed Edison Mission's senior unsecured debt and recovery ratings at C and RR5, respectively.


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