S&P ups Tenaska Georgia

S&P said it raised its issue-level rating on Tenaska Georgia Partners LP’s senior secured debt due 2030 to BBB+ from BBB.

The outlook is stable.

The rating action follows an upgrade of Exelon Generation Co. LLC on March 1 to BBB+ from BBB.

Exelon is Tenaska Georgia Partners’ sole revenue counterparty through a power purchase agreement.

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