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Prospect News home > News index > List of issuers T > Headlines for Topaz Solar Farms LLC > News item |
Fitch to rate Topax notes BBB-
Fitch Ratings said it expects to assign a BBB- rating to Topaz Solar Farms LLC's $700 million of series A senior secured notes. The outlook is stable.
The key rating drivers are Topaz's strong revenue contract, limited completion risk, six-month operating reserve and a debt service coverage profile that is consistent with an investment grade rating, the agency said.
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