S&P assigns BBB- to Yellowstone notes

Standard & Poor's said it assigned its BBB- preliminary rating to Yellowstone Energy LP's $131.5 million senior secured notes due 2026.

The outlook is stable.

The stable outlook reflects S&P's view of the project's strong power purchase agreement and highly rated offtaker that takes most energy at high fixed prices and runs beyond the term of the debt," said S&P credit analyst Ben Macdonald in a news release.

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