Moody's rates Midwest Gen loan Ba3

Moody's Investors Service said it assigned a Ba3 rating to Midwest Generation LLC's $300 million first-lien secured revolving credit facility.

The outlook is stable.

According to Moody's, the rating reflects the long-term competitiveness of Midwest Generation's 5,621 megawatt fleet of coal-fired assets and the attractive cost position of these assets relative to natural-gas fired plants. Moody's believes that the company's competitive position will be maintained over the next several years due to the current and expected intermediate-term price of natural gas.

© 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.