Fitch affirms SteelRiver

Fitch Ratings said it affirmed the BBB- rating on the $562 million senior secured notes due in 2017 issued by SteelRiver Transmission Co. LLC.

The outlook is stable.

Federal regulations provide revenue stability, which supports the ratings, Fitch said, along with its low counterparty risk.

The ratings also consider its low refinancing risk and favorable operations performance, the agency said.

© 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.